The Terrafugia Transition can transform itself from a two-seater road car to a plane in 15 seconds.
The wings fold up when it's on the road and it even uses standard unleaded fuel!
Terrafugia claims it will be able to fly up to 500 miles on a single tank of petrol at a cruising speed of 115mph.
Up to now, however, it has been tested only on roads at up to 90mph.
So... would you fly in it? I'll admit that I'd be a bit hesitant...
Thanks to Perez for the images.