Don't know how many of you are familiar with the 24 Hours of LeMons races. The deal is you buy a car for $500 max (not including safety equipment) and then race it in a 24 hour race, two 12 hour time periods over a weekend.
Well, someone found a rusty '63 T'bird coupe and entered it. First, though, they cut the roof off, then they slapped some red paint on to cover up the rust and and some Kmart wire wheel covers and painted wide whites. Looked pretty cool:
Checkout the write up an Jalopnik here
and the story of their heroic transmission replacement here
as well as some pics as it was found here