Just as the dotcom bubble was preparing to burst, Esquire's April 2000 issue introduced readers to the latest too-good-to-be-true Internet start-up, FreeWheelz.com, the brainchild, of course, of a Stanford MBA.
The article, by Ted C. Fishman, explained the company's business model: free cars for drivers who were willing to turn them into "rolling, bumper-to-bumper, top-to-tire" billboards for such products as StayFresh sanitary napkins. In order to rack up "eyeballs" for the ads, participants were required to drive at least 25,000 miles a year and incentivized to create "rush-hour rubbernecking delays," presumably by staging accidents. Not every would-be driver qualified: Applicants had to complete an online form with more than 600 questions, requiring an average of seven hours.
In a newspaper column written soon after the magazine appeared, Fishman marveled at how many people had apparently taken the article seriously: "Was I foolish in thinking my prank was a joke when in this age of goofy businesses and paper zillionaires, wacky ideas are the new Klondike? Maybe I should have just called for investors."