"The Allied AirBike is like your own personal jet ski for the clouds. This really cool aircraft was first designed back in the 1980s, but still looks so futuristic. The AirBike is basically a VTOL motorcycle concept. The aircraft was expected to able to reach speeds of up to 100 mph...... 

.. just in case, was also to be fitted with a parachute to be deployed in case of emergencies". Via: