If you're not already watching Top Gear, you should be. But if you needed another reason to watch, now you have one. The editors of the Top Gear America website plan to take a 1981 VW Rabbit (they call it a Golf, in a charmingly British way) and tweak the engine to produce more power (0 to 60 in a respectable sub-7 seconds), run more efficiently (like, 70-mpg efficiently), and cost only $7,000. For reference, the new Honda Insight gets 43 mpg; the new Prius gets 50 mpg. They're pretty pleased with themselves, and they're asking for a Nobel Prize. Watch the teaser below.Via BoingBoing Gadgets. Photo via Flickr user DigitalK.