Back in March, I found my father's old Giant Chinook he had purchased way back in 1989. According to him, the last time he had used it was in a race in 1998; ever since it had been sitting in our garage with original everything. I called up my friend who knows a lot more when it comes to bikes than I do and he pumped her back up, original Cheng Shin Tires with faded gum sidewalls and tubes. After nearly thirty years, the steel frame has held up very much to the standards in which Giant was regarded back in its time as well as now; virtually no rust and oxidation. The bottom bracket needs to be replaced, however I still use her a few times a week. We replaced the tubes due to the obvious safety connotations that 30 year old ones carry going downhill, new Kenda/Sunlite Kross semi-slicks, the junkie plastic pedals with worn but much slipperier aluminum race pedals and I currently have a temp Roadmaster seat on it as the original one began to wear and I'm waiting for a racing seat to ship. The only two issues it has are the bottom bracket (creaks) and I bent the chainring but was able to bend that back out. Recently I polished it up and it has really come a long way. I wanted to post some pictures however I need to create ten posts before they will allow me...

Factory specs:

Steel frame
Steel rims
Giant "Classic Hi-Ten" (two gears front, five rear)
Shimano deraileur
Shimano SIS SP shifter cables
Shimano brakes (which as another individual noted in the second and final year of production, the '89 models do squeal like a dying pig when applying the brake)
Alloy bottle holder (bolts for second one on the seat tube included attached)
Price (in 1989): $200

This bike is very heavy, however considering the fact that the only "suspension" it has are the steel forks and tires underneath you, it is a solid and sturdy ride and after nearly three decades the quality that Giant is known for is in-fact reality, aside from the brake thing and yet they still stop the bike.