In 1963, Henry Ford II wanted to win Le Mans badly and was all set to buy Ferrari to boost Ford's racing program. Enzo Ferrari pulled out of the deal at the last moment, angering Ford II so badly that he went on to fund development of the legendary GT40 that went on to take many motorsports victories.
A few years later, Mr. Ferrari pissed off yet another powerfully rich American businessman with the outcome being the automotive abomination you see before you. Bill Harrah of Harrah's Casino fame asked Ferrari to construct for him an Italian 4X4 wearing the prancing horse badge. While no one thought to archive the response from Ferrari, we imagine it involved the words 'hell' and 'no'. In Italian, of course.
Undeterred and with more money than taste, Harrah created the Jerrari. Its ass-end is a 1970 Jeep Wagoneer, the nose is from a 1969 Ferrari 365GT. On the day of its birth, this one-of-a-kind offroading Ferrari sported V12 power, but now all four wheels are turned by a 350 V8.
The eBay auction for this abomination includes numerous pieces of documentation, like a 1971 review of the car by "Road & Track." Another is a letter from a previous seller in 1984 that indicates there could be more than one of these hideous creations out there. Maybe that's what's been starting all these rumors.
Watch a walk-around video of the Jerrari after the jump, and check out an extensive gallery of photos below.