Came across a build site called the Bodger Locost Build, which appears to be anything but.  Couple of good entries with photos and even a YouTube video.

I also like the post "Describing a Crash", which I have shamelessly lifted....

UNDERSTEER is when you hit the wall with the front of the car.
OVERSTEER is when you hit the wall with the rear of the car.
HORSEPOWER is how fast you hit the wall.
TORQUE is how far you take the wall with you.