OK, you are going to have to enjoy this in Danish, but it's well worth it for the visuals.
According to Jalopnik.com, Norwegian stop motion filmmaker Ivo Caprino took nearly five years to bring his tiny race car vision to life. Sadly, the project ran out of money, but he completed it anyway. What we have here is the big Formula One race at the end of the film - where bicycle repair man Theodore Rimspoke and his sidekicks Lambert (hedgehog) and Sonny (magpie) take on the badie, Gore-Slimey, who stole their engine...
The sequence is rumoured to have inspired the pod racing scene in one of the Star Wars prequels, and there is more than a hint of Steampunk, and Wallace and Gromit in here too.
Oh, and someone built the car for real: