Is this the world’s cheapest supercar?

UNDERFUNDED MINIATURE PETROSEXUALS - this is your next car. It's called the Traxxas XO-1 and it'll go from 0-62mph in 2.3 seconds (0.16 seconds faster than a Veyron), hit the ton in less than five, emit nothing but speed and only cost a pint over £700.

Largely because it's 27 inches long. And the fastest remote-controlled car... in the world.

So, how the hell does it work?

Underneath its slippery husk there's an aluminium space frame and high-output Traxxas/Castle Mamba Monster Extreme brushless motor powering all four wheels that's funded by a pair of Power Cell 3S 5000mAh lithium-polymer batteries. There's even a special smoothed undertray that integrates a front splitter, canards and a diffuser outback. They actually work, too - they produce enough downforce to keep it on track at up to 100 mph. And that's not 100 scale miles per hour. That's 100 actual miles an hour.

To drive it, you've got the choice of using your smartphone/fumbleslab or its wireless controller - a TQi 2.4GHz Intelligent Radio System with an internal antenna and five-channel receiver. Whatever that is.

Is this at the top of anyone else's Christmas list?

Now watch it go really quite fast.