This script lets you create panels everywhere,it's super fast, you'll be able to create panel effectsin the blink of an eye, it was designed to speed your workflow up, it cuts the main mesh then performs a boolean intersection preserving the original mesh, as a result , you will get a nice panel on your model. It works pretty well!!!. Just put it into your script folder, bind it to a hotkey or to your mouse button, and fire it!!!

For Modo 14.1 and higher