I think we should start a 'rescue bike' charity and club together to buy frames like this that are so obviously being abused and give them a better life. Maybe as a toast rack, I dunno, anything but those sodding blue bar ends... sorry, bar middles... arrrgggghhhh!!!
I think this worthy of starting up a whole new monthly poll - worst bike OTM! I honestly can't think of a bike I've ever seen that looks worse though, so maybe this would just win hands down. And such a nice frame! Argh!