This has to be one of the best bike inventions in the history of bike inventions. It was created by 21-yo designer Kevin Scott.
I know it's hard to believe, but this thing actually works and could go into production. The bike can literally bend around a lamp post. Again: The whole bike bends to lock onto itself. First, it's rigid. Then, you push a lever and it's flexible enough to tie it to a post. Rigid. Lever. Bendable. Lever. Rigid. Lever. Bendable.
Source: gizmodo.comAdded: 16 July 2010