Unpacking problem

Okay, here is the main paltalk file, I tried to upload it here twice but it failed, so I've uploaded it to my website, and can be accessed at hxxp://members.optusnet.com.au/~vincewmb/Aussiepompeyfan/Paltalk.rar, certainly shows in Peid as being packed, and you cant see the string references in the packed file, thanks for your help.
Looking forward to the unpacking tut Nilrem , it is something I definitely want to learn to master.