No effing WAY.

And the most important thing:

The Cardboard Bicycle can withstand water and humidity, coated with a strong layer of brown and white material, making the finished product look like it is made of hard lightweight plastic and can carry riders weighing up to 220 kilograms. The cost to make the bicycle is around $9-$12 and the manufacturer expects that the cost to the consumer would be around $60-$90 depending on what parts they choose to add on. – source

Water-resistant, light, and cheap? O_O

I’ll pay $90 for that bike. xD