Skip the Porsche, Lambo's are so last year, Ferrari's can't fly.
This is the Terrafugia Transition's time. $194k, street-legal (in the US) and recently approved by the FAA for flying, it's the ultimate boys toy crash fest.
"Classified as a Light Sport Aircraft, the Transition ® requires a Sport Pilot certificate to fly and is designed to drive on public roadways and park in a standard garage. Terrafugia successfully completed flight and drive testing of its Proof of Concept Transition ® in 2009. Refundable airframe reservations are being accepted with first delivery scheduled for late 2011."
Top tip: you might want to consider driving the final few miles in to Manhattan, it won't outrun an F-22 Raptor and the air-to-air missiles are a very expensive option.
Hit the jump for more photos.