Traxxas X0-1 RC car can reach 100 mph, decimate your bank account in under five seconds (video)

In the off-chance that you haven't already started holiday shopping for your favorite Engadget editors, we'd like to turn your attention to the new X0-1 from hobby RC car manufacturer, Traxxas. This little speed demon can do zero to 60MPH in 2.3 seconds and zero to 100MPH in a cool 4.92 seconds. The diminutive sports car also has built-in speed, voltage and RPM monitoring. It'll go on sale December 30th for $1,100, for a slightly belated -- and rather expensive -- gift for the Fast and the Furious reenactor in your life. Video of this sucker in action after the break.

[Thanks to everyone who sent this in]