If you are under a certain age, you just don't understand. Sure it is heavy, but find me a kid's bike that isn't.
I had the Otasco Flying O knockoff as I kid. I wished for the real thing but my parents couldn't afford it. I rode that bike till I was 15. I could ride a wheelie a hundred yards on that thing. I could jump ditches on homemade ramps. I could double my friends on it.
A few months ago, I saw a Slik Chick outside an antique store. It is now my 7 year old daughter's favorite bike. My 10 year old son wants a Banana seat bike now.
Schwinn got it right with the Stingray.