If you’ve ever wanted to add captions, thought bubbles, or add some funky effects to your iPhone pictures, you’re not alone. The folks at Plasq have created Comic Touch, an iPhone application that resembles their popular desktop app Comic Life.

There are two main aspects to Comic Touch – annotating and effects. In typical comic fashion, it is simple to annotate pictures with speech bubbles and caption boxes. In fact, there is a total four different styles of speech bubbles. All the text fields have the same customizable features – text, size, and color scheme. There are five different built-in text sizes and two color schemes. Unfortunately, there is no way to pick the custom colors.

Effects, the second big facet of Comic Touch, is by far my favorite. This tab allows you to smudge pictures, and add bulges or dents. You can also apply a stretch, or light tunnel to your photos. Comic Touch takes advantage of the iPhone’s multitouch gestures to allow for enlarging or diminishing an effect using the pinch gesture.

Getting your edited pictures out of Comic Touch is a snap. You can either email them, save them to the built in Photos app, or upload them to a Photo sharing site that takes advantage of email uploading.

Comic Touch may not be the most productive iPhone app, but it’s definitely a fun way to spice up some photos. It is available for $2.99 with a free “lite” version for sale in the app store.