Let's just speak hypothetically here. Suppose a guy who tends to have pretty beefy, simple bikes (say something along the lines of a Redline Monocog or a Kogswell Model G) happens to possibly be in line to get an old (1990ish) Klein Rascal. Now I know the lugged steel crowd will cringe here but the Klein is aluminum. And it's a really ugly shade of purple. On the plus side it's got a steel fork and it is old school; no boingy bits and a seven speed XT drivetrain w rapid fire shifters. Still, not really my, uhm make that "this guy's", kind of bike.
But did I mention the bike is steekin' light? Wicked light. And it's got these odd, short little rear facing track ends. It could really be a dang light single-speed down the road but for starters it might be fun to keep it light and shifty.
Rattlecan paint it black. Trade the knobbies for street tires. But make a goal of this project to keep it light and fast.
Could it be a light, fast commuter bike?
If you had suck a project what would you do?
How would you deck out such a bike?
Could you keep the budget for this project at zero?
All hypothetically speaking, of course.