OK, I use whatever lacquer I'm using (Randolph's, Certified, whatever), mix in a little white, a few drops of black and a filling material (talc, zinc sterate, cornstarch, whatever you're using). Shake it up and then thin it enough to go through my primer gun.
Alternately, I use something like K-36 2 part primer (not unlike the Nasson Derek is using). It has the advantage that once it catalyzes, it doesn't seem to mind lacquer being put over the top of it. Sands very easily, but has the drawback that you really have to sand as much as possible off because it ain't light.