This bike is a jet power bike, called FAIYATORIKKUBOBU by the Japan company Rintendo. Wow, Cool, it is not a toy! You can ride it like a regular bike. if you want to speed up, it has 4,4 HP, and featuring one liter jet fuel for seven minutes continuous 'flying'(specs check out the link(Japanese)). It is on sale for one million yen (about $10,000 USD!!).
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