For those of you that have voiced concern about the seven-figure built-for-show projects that keep popping up all over the place, consider this 1995 Pontiac Trans Am to be the antidote. Built by Clint Schexnayder and his brother, the 'bird flies through the quarter mile in 9.85 seconds with a trap speed of 136 mph, and was built for less than $10,000.
The cost of the project was kept down with the owner doing the vast majority of the work, including building the engine and fabricating a custom rear axle (it consists of a Ford 8.8" center section - well-known for its robustness - mated to the OEM axle tubes to retain the stock disc brakes). A healthy set of TrickFlow heads help flow large amounts of air and 150-200 HP worth of nitrous to the 355-cubic-inch LT1, where the power then gets routed through a transbrake-equipped TH350 3-speed auto.
[Source: GM High-Tech Performance]