MIT engineers have completed a four year project to develop a car with foldable wings, in other words, a flying car. The vehicle is powered by unleaded gasoline and goes for $200,000. "Flying-car enthusiasts are justified in their pessimism: For the past hundred years or so, they've repeatedly been promised that a future with a personal aircraft in every garage is just around the corner, only to have their high-flying dreams cruelly smacked down with words like 'safety' and 'physics.' But now, after so many years of empty promises and false hopes...here are some more: The Federal Aviation Administration has finally given approval to the Terrafugia's Transistion, a flying car – or "roadable aircraft" as the company likes to call it – that will soon have us all living like the Jetsons. Honest."