I am a native citizen of the U.S. My father is Egyptian, but
naturalized as an American. I am told I can recieve Egyptian
citizenship easily due to my father's nationality, but can I do this
and still keep my American citizenship. Primarily, I want to get an
Egyptian passport in addition to my American one. How (if at all) can
I do this?

I have answered a rather similar question. My previous answer might be
of assistance to you.

"Dual Citizenship between USA and Australia"
https://answers.google.com/answers/main?cmd=threadview&id=108190

What you are asking is legal in the United States (assuming the
Egyptian government permits this), but don't talk to an US immigration
lawyer, don't tell the US government you're doing this, and don't show
both passports at the US border.

To understand this contradiction, please read the following FAQ in its
entirety.

http://www.richw.org/dualcit/faq.html

Kameel, 

Since I know there's compulsary military conscription in Egypt, I
suggest you'll check you commitments as an Egyptian citizen living
abroad (for example: if you visit Egypt, would they conscript you? If
you have a male son and he's Egyptian, would he be obliged to serve in
the military? etc.)