SEMA 2009: 427-powered Fiat 500 is the stuff dreams are made of

1959 Fiat 500 Funny Car by Legacy Innovations - Click above for high-res image gallery

Okay, this is so awesome it hurts. The guys at Legacy Innovations took a perfectly lovely but woefully underpowered 1959 Fiat 500 and turned it into a Fiat 7,000. The Fiat 500 is an iconic car, one with tremendous nostalgic charm, but it was never really much good as a car until they redid it a few years ago. So although we might love the little 500, it doesn't provide a very good platform for what the Legacy Innovations guys had in mind for it – namely drag racing.

Easy fix though. They broke out the torches and gutted it. They basically removed all of the weak stuff and replaced it with a full-on 4130 chrome molly tube chassis, hinged the body in true Funny Car fashion and dropped in a 725-HP 427 small block. The body was kept relatively stock, save for the hood cutout, but they still managed to mount a pair of Hoosier slicks in back and still had room for wheelie bars that extend out far enough to effectively double the length of their little 500.

No word on how quick this baby is in the quarter, but we bet it's quick enough to embarrass just about anything else coming out of Italy. It's cars like this that make the trip to SEMA totally worthwhile.