Introducing the GIBBS Quadski -- an ATV with real gills -- and the world's first high-speed sports amphibian to appear outside of the make believe. Gibbs Sports Amphibians, the developer of this crafty powersports mobile, apparently poured $200 million and "two-million man hours of work over a period of 15 years," according to company founder, Alan Gibbs.

I've yet to ride one of these bad boys, but the Quadski seems quite zippy based on video footage and early accounts. It can hit speeds up to 45 mph on both land and water. (That's roughly 35 mph more than the next amphibious vehicle.) And it's got serious giddyup thanks to a 175-horsepower BMW Motorrad engine and transmission.

As for its conversion from mammal to reptile, it all happens with the press of a button -- which causes the "wheels to retract when entering the water and deploy when approaching land." All this happens in five seconds or less, the amount of time it takes to scream "Holy crap!!" to all your friends on the beach.

The price tag for this adventure? $40,000, pricey considering most ATVs top out between $5K-$10K. The Quadski team hopes to eventually get the price down once they start creating more units from their production facility in Ann Arbor, Michigan.

Until that happens, you'll have to shell out the same ducats as you would for a new BMW 328i. Doesn't bother you? Well, then you can pre-order your land-to-water adventure starting in November from a local dealership or Gibbs directly.
Quadski on Water