I found this on a different website. The guy who made it was a sometime inventor, ship captain, and maybe an occasional nutjob. But he was a strong proponent of mini cars back when it wasn't stylish, and he liked the idea of making them as slippery as the current tech could manage, back in the day.
I'm not sure what it takes to post a picture, but here's the link:
http://jalopnik.com/photogallery/martin3/1001250281