One red paperclip

Following in the rediculously stupid (but brilliant) footsteps of the Million Dollor Homepage, Kyle McDonald has started One Red Paperclip; an idea so overwhelmingly stupid that you know it has to work.

The premise: start with a single red paperclip, and keep trading it up for something better.
The goal: to trade up to a house.

And before you say “That’ll never work”, he’s already about to secure a snowmobile!