Allright, upon closer inspection of the frame, I realized it was damaged! The downtube is bent, looks like from a head on collision. Ugh. It was abandoned for a reason (no, it was not stolen: I work for my campus bike garage, we pick up abandoned bikes and hold onto them for x amount of days, then we get to salvage them. Great job!).

Anyhoo, since I still liked the color, and have a little sister going to college next semester, I decided to build up some wheels for it. Had some aluminum 27 rims around, threw a single speed coaster on the rear, cleaned and regreased everything, and tossed a saddle on it. Total cost: $0.00. Except my time of course ;-) With that, I have no attachments if the bike gets stolen on her campus (she is still deciding). Simple and functional. Also, I think I have some bright green fenders in my basement I might throw on; tacky, but noticible. Meh, we'll see.