When I import Lightwave .lwo files, I get the mesh but not the textures or materials.
Is it possible to import Lightwave files fully textured and how is it done?
Not that I know of, this has been the holy grial for many Blender users. Sometimes you can texture them using the enclsoed files, but as I’m sure you’re aware, Blender and LW are different animals, so texturing isn’t identical. A procedural texture is a safe bet, but my best advice is to build your own version from scratch, and then you’ll know it so well, you’ll find any sort of texturing easier, not to mention being able to show off. 