I know my synchro is out on 5th gear and a lil bit on the rest of the gear. but is it possible to open it up and make it brand new again?

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Well it is like any other transmission. It can be taken apart and rebuilt.
It might be cheaper to just get a new or used tranny though.
Go to a junkyard or something and ask if they have any 5sfe transmissions.
Hope this helps.

well im just scared of buying another ****ty tranny.

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Well if you know alot about mechanics, try it yourself.
If you mess it up you can always get a new one.
Im not sure how much a rebuild for our transmission would be
but if i had to say maybe 500-700 dollars depending on
where you take it. IMO i think you should just call around and see
if anyone has any used transmissions and get a warranty on it that
way if it doesnt work...get another. Hope im of some help.

well MR2 guys have swapped out the inside of a 5sfe tranny and put the e153 parts into the 5sfe tranny...i read it off their forums awhile ago...

Put pennzoil synchromesh gear oil in it first

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i agree

CelicaGT04 uve been very helpful. ive found a 68k tranny for 500. but if the mr2 guys are putting the e153 tranny in there i rather do that. How would the pennzoil synchromesh actually fix my problem? sorry for the burden.