Your eyes do not deceive you. This really is as incredible as it appears at first glance. Upcycled doesn't do it justice - more like awesomecycled. Sure it's over the top and ginormous for a kids' toy, but we really love that someone not only had the idea, but saw it through.
We spied this over at Wee Baby Stuff (click through and they'll send you to more photos). It was apparently made as a gift for young Diego (complete with custom license plate) by his grandfather whose Vespa riding days are over. Bravo!