Sounds like a classic. You're probably better off selling it to someone who will appreciate it and buying a fixie.
Kind of. If you're curious,
here's more about it. Because it was in the family all the time I was growing up (not that dad ever rode it...) I have kind of a romantical attachment to it. But I've tried to ride it, and I hate it. Like I said, it ghost-shifts terribly, I'm not strong enough for the 5sp corncob, and I think the frame is a size or two too small. All the same, I'd like to keep it in the family.