Summarize:

Choose the option that makes you feel the best. You have a few options:   Shave it all off. There are no health risks to shaving all of your hair off as long as you do it hygienically, use a new razor, use an anti-septic after shaving and don't cut yourself.  Use a stencil. You will place a stencil, like a small heart, over your pubic area. Then, you'll shave around the stencil to leave a section of hair with a fun shape over your pubic area. You can find stencil kits at most adult stores or online.  Create a landing strip. Your landing strip, or a line extending up from your labial part toward your belly button, can be either whisper thin (good for thick, unruly hair) or slightly wider (for thin, sparse hair). Your razor may be gel-filled and have more blades than a small child can count, but you still need to be nice to it. Any longer and it won't work as efficiently.  To trim the most efficiently, pull the hair toward you and cut in small sections. It doesn't all have to be even, it just has to be short. If the idea of taking scissors down there...gives you the heebie jeebies, use electric trimmers that don't have rotating heads. The blades can only get so close to your skin. You can also soak in the tub for a little while before standing up in the shower to shave the area. Getting the follicles soft will make the hair easier to shave on the first go-round. If you want to wash the area, clean it before you start shaving to avoid irritating your exposed skin later. If you're away from a shower (and have a desperate, desperate need to shave your bikini area -- maybe you're stranded on a desert island?), take a wet washcloth and leave it on the area for 5 to 10 minutes. The same effect can be garnered from this, too. You're probably going to come across people or places that tell you to lather, shave, and exfoliate -- in that order. But if you wanna be a pubic shaving pro (and who doesn't?!), exfoliate before and after. It'll align your hairs all in the same direction, making your razor's job ten times easier. It also removes that extra dead skin, freeing your razor to get even closer to the hair's root. Just use your normal shower exfoliate for this part. Grab your loofah and go to town like you usually do! This part is imperative. Never shave without some sort of lubricant. If you don't use shaving cream, you will find yourself in the midst of a red, bumpy, unattractive mess. Nobody wants that. It's best to use unscented shaving cream designed for the bikini area. If you have particularly sensitive skin, test an area before you apply it all over. Once in a while, people have allergic reactions. Shop for a transparent, non-foamy shower gel so that you can see what you're doing while you shave. The more blades, the better -- the fewer it has (and the older it is), the more times you'll have to go over the area (and that doesn't include time spent reapplying shaving cream). Get one with those fancy lubrication pads on it, too, for good measure. You can reuse your razor if you take good care of it but preferably use a new disposable razor each time. Make sure you wash it after you're done, but don't leave it wet -- water will erode the metal of the blades, tarnishing and weakening them. This cuts each hair straight across so no sharp pointy bits dig in. Put your hand onto your stomach just above the mons pubis to make sure the skin over your mons pubis is smooth and taut.  When shaving, let the blade do the work. Avoid pressing down into your skin. Keep the number of passes of the razor low;  each pass removes surface skin, too. If you have thick, curly hair and you're having a tough time shaving it, try using an electric razor to trim it down even more before you use the handheld razor for the finishing touches. Rinse your razor between strokes if it becomes clogged with hair.
Decide what you want your mons pubis (the of pubic hair under your belly button) to look like. Trim your pubic hair with scissors to about 1/4" (6 mm) in length before you get into the shower. Soften your hair by taking a shower. Exfoliate. Wet the area with warm shower water and smooth shaving gel over it. Briefly wet a new razor. Shave with long, slow, even strokes along the direction of hair growth.