P4 by Norwood Ferrari 288 GTO
World's Fastest Ferrari – Click above to watch video after the jump

We've seen a lot of special action from the Bonneville Salt Flats this year, but this just about takes the cake. The guys from P4 by Norwood, a Ferrari tuning shop, are laying claim to the title of the World's Fastest Ferrari with a record run of 275.4 mph averaged over two sprints. Using a stock-bodied 1985 288 GTO, owner Steve Trafton managed to snag not only the title of world's fastest Ferrari, but the world's fastest sports car (AA/BFMS) at the same time. The Prancing Horse beat out the previous record holder by just over 3 mph.

Interestingly enough, Thrafton skipped using a high-dollar Italian mill for this car's beating heart. Instead, there's a 540 cubic-inch big block General Motors V8 wedged down into that slinky body. Two Borg Warner 80-mm turbos help shove a full 17 pounds of boost into the eight-pot. Thrafton isn't saying exactly how much power the car is laying down, but it has to be enough to move a planet on command if need be. Hit the jump to watch the Ferrari do what it does best on the Utah salt.

[Sources: Seattle Post Intelligencer, YouTube]