There has always been something I have wanted to try but I don't know if it would work or not. I want to try to take some type of psychedelic and be able to fall asleep and get into a lucid dream before the compound kicks in. I think it would be so fun to trip in a lucid dream, then you could do anything

You dont have to take the real drug before falling into a lucid dream...
Chances are ..a psychedelic drug may prevent you from getting to sleep...
If you can remember your ..[dream asighnment].. or.. [dream intent]..during a lucid dream of decient quality.. you can take any ..[dream drug].. you want.. with no health risks at all.. and experiance a very close match to almost any drug trip ..especially if you have a memory of past drug experiances..
Sometimes ..[dream drugs]..can take you beyond the limits of a real drug trip...
One drug that may inhance your chances to become lucid in dream while falling asleep is [salvia divinorum]...
Salvia .. experiance is sometimes like ..[dreaming awake].. so it can carry into.. and alow sleep...
Many other psychedelic drugs can be too stimulating to alow sleep/..
The nutropic [Galantamine].. at bedtime or better taken at [WBTB] [wake back to bed] will greatly increase your dream vividness durring the dream increasing chances to become lucid...
[WBTB means].. supliment taken after first 4 or 5 hours of sleep..
Other nutropics like...[Huperzene A]....[Vinpocetine]... [choline].. [ECGC from green tea] ..[DMAE]..[Sulbutiamine]..[Gaba]..and even many foods can increase dream vividness ..especially chocolate...
If you are able to lucid dream..just repeate your intent before sleep or at WBTB that your going on an acid trip in your dreams..and you may surprise yourself!
Cheers...

Well I have lucid dreams very regularly, and so its not really a way to induce them, jst an experiment

I absolutely love having drug experiences in a dream. Like starway said, you can relive the experience of a remembered trip or even surpass the limits of real drugs using the imagination. Very lovely.