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That's not a DYI Porsche. That's literally a pedal powered car with a Porsche shaped body.
"Pedal-Powered..." This video is no longer available because the YouTube account associated with this video has been terminated due to multiple third-party notifications of copyright infringement from claimants including: [Funny or Die, Inc.], [Forbes.com LLC], [Audible, Inc.]

Somehow, I'm not surprised.

For anyone interested in real, gas-powered DIY sports cars, look for Caterham (genuine kits, the best quality) or the multitude of Cobra spin-offs.
Or for that matter, most any Lotus 7 replica kit
I think Caterham started off as a Lotus 7 replica. If I remember correctly, Lotus 7 was one of the only models that "open-sourced" their designs. That, and their "well-rounded" nature (cheap, sporty, easy to make), led to their huge popularity with the DIY community.
This was a neat post... Last year, on Reddit. I'm not sure that it's newsworthy today, especially Hacker News-worthy.
HN is turning into a Reddit clone, with all the karma mongering included.
Please refer to: http://ycombinator.com/newsguidelines.html

Specifically the passage "If your account is less than a year old, please don't submit comments saying that HN is turning into Reddit."

I know I sound mean quoting guidelines, but this happens surprisingly often and I can't help myself whenever it does :)

First Porsche that isn't allowed to drive on the german Autobahn!
And this "artist" calls it Ferdinand because of the tank destroyer of World War 2?