I have seen this around for a few years now. I have always loved old iron, they just don't build 'em like this anymore, haven't for going on 35 years now. If I was to build a rod, you can bet your ass it would be one of these. I can not stand trailer queens. If you are going to build the damn thing, run it, HARD.
A fancy paint job does not make it run better and out of the forty odd cars I've had, only two or three were good looking, nice cars. All the rest were beaters, barely legal, sometimes not even close. You know the type, you see it coming in the rearview mirror and bail into another lane, hoping nothing came flying off as I wizzed by. Any way, I was surfing the net and found this site, Rat Rods, there are some nice ones and there are some terrible ones. I think I was born 15 years too late.
Rat rod is a newly developed name for the original hot rod style of the early 1950's. A rat rod is usually a vehicle that has had many of its non-critical parts removed. They are usually finished in primer-like paints and are often period correct. They are very often the conglomeration of parts and pieces of different makes and models.
Link to more pics.