^^ Beat you to it. Well, almost. Started a little higher (not much) on the food chain: Mongoose MGX. It got: Dual-crown Judy XLC; Kore Lite 3 stem; Bontrager Crowbar XXX bars; Fox ALPS 5 shock; STX-RC hub/Rhynolite rim rear wheel; SRAM X-Ray gripshifters; STX-RC rear derailleur; STX-RC Mega-Range cassette; Kenda Kinetics 2.35s.
It was a mean downhilling machine
Amazingly, what survived: stock crankset (riveted chainrings); cheap square-taper BB; single-wall front rim and cheap Formula hub; generic V-brakes, loose-ball headset; and the whole frame.