This is what I ride when I go to visit my parents. The frame had been deserted for a year or so when I took it home. When I found it, the cranks were missing and the handlebar was bent, so I decided to give it a better life.
The rear wheel is equipped with a Vuelta Pro flip flop hub that I found in the trash in Copenhagen. I painted the frame, which is very light - Columbus tubing, I suspect - and it had a vintage Campy Record seatpost, bottom bracket and headset, so it was quite a catch.
The Selle Italia saddle I found in a trash pile and scrubbed off all the green, moldy stuff that had settled on it. The front wheel, tires and the lock (not pictured) all come from the dumpster behind a bike shop near my dad's house.
It only cost me two cans of spray paint and a cheapo chain. $20 in all. Sweet. More photos here.