Originally Posted by Totoro
You might want to read "Kings of the Mountains" a book about cycling in Colombia. It tells the tale of a boy who rides up to a group of cyclists on expensive bikes. He is riding a beat up 50 pound milk delivery (his job) bike and starts riding with them. The snobs shout some insults at the poor (literaly) kid, who shouts back some colorful expletive and keeps riding past them. The kid grows up to be one of the greatest cyclists in Colombia and rides in the Tour de France and other European events. Goes to show, it really isn't about the bike.
Is it a true story?
And aside from my earlier comment about making fun of his components, you should have picked up his bike and beat him with it. And then you should have said something catchy, like "How's that for a club ride?", and rode off into the sunset.