Terrafugia Transition flying car and you're a little heavier than the FAA would like, you have a third option: get an exemption. The, uh, car is 120lbs too heavy to fit into the FAA's "light sport" designation, defining craft that can be flown by pilots with only 20 hours of logged seat time. However, the 1,560lb craft was given special exemption, enabling it to continue onward to production. If you haven't been following along, the thing can manage 115mph in the air then land, fold up its wings, and get 30mpg on the highway. If all goes according to plan we should be seeing this car get its big, beautiful self up for sale sometime next year -- all $194,000 worth of it.