bugimike said:
...or as others have done, you can shape a filler piece and mold it to shape.
Hello, I'm an Other. :wink:
Easy as pie to do on the cheap. Get two blocks of styrofoam, like is used for packing. Hold one in place under the taillight and use a sharpie to draw the contour you want. Cut it roughly to shape, then use coarse sandpaper to smooth it out until its perfect. It's relaxing work, just be sure to check yourself often as you go. Ideally, you want the shape to be about 1/4" smaller than you want it, so you can leave space to finish it off with the filler.
Since Bondo will eat styrofoam (guess how I found out!) you have to seal it first. I wrapped it tightly with aluminum foil. Flat foil+curved surface=ripples, but they can be smoothed well enough at this stage.
Then start slathering on Bondo. Well, not 'slathering,' of course, you're building up thin layers, and sanding in between. It'll take many days to get it built up and cured. At this point, it's just like working on any other bodywork. Sand, glaze, sand, guide coat, glaze, etc. etc. When it's as perfect as you want it, prime and paint to match the car.
Now, you could actually bondo it onto the fender, to show no seams. I used 3M Weatherstrip Adhesive and attached it with a very definate seam. If I ever want to re-bumper it, easy to pop off the tips without disturbing anything else. And if it gets crunched...easier to fix it off the car.