No No No, that's just Jeff Garcia's float car for the SF Gay Pride parade. He wears a wreath around his neck and rides on the roof in a$$less chaps. Quite a sight.
No its real, it is a tuned diablo by Rinspeed. 560 Hp Rinspeed is known for aftermarket work on bugattis and more! http://www.fast-autos.net/rinspeed/cyan2.html -jt