The Volkswagen Microbus is a beloved motoring icon that has fans all over the globe. It's a classic machine with a dash of perennial cool attached. It's also incredibly slow. You're never in a rush when you're driving a VW Bus. Unless, of course you're talking about the T1 Race Taxi created by a mad Swiss gentleman named Fred Bernhard.

Instead of a pokey VW mill out back, this van now features a twin-turbocharged 3.6-liter flat-6 plucked from a Porsche 993. It's been reworked so that it's putting out a massive 530 horsepower and nearly 560 pound-feet of torque.

According to the description of the video above, the van has been heavily modified to withstand track duty. You can see it's clearly up to the task. All manner of seemingly more capable machines are dispatched as the smiley-faced van works its magic on Ferraris [NYSE:RACE] and Ford Motor Company [NYSE:F] Mustangs.

People often apply the word sleeper to machines not quite deserving of the term. This, however, is the darn-near definition of the word. If you look up "sleeper vehicle" in the dictionary, it should now feature a picture of this Volkswagen Bus.

And if this isn't the coolest VW van ever put on wheels, we dare you to show us one that is better.