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flying car 

The idea of a cheap family vehicle that uses powered flight instead of rolling along on the ground. Popularized by cartoons and science fiction, it was widely expected in the late 20th century to become a reality "real soon now."

In common usage, it represents a shattered hope for the future.
Carbon nanotubes? That's great, but where's my fucking flying car already?
flying car by Nomikos September 26, 2006
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Alef Model A Flying Car

The Alef Model A Flying car is a concept car made by Alef Aeronautics. In the air, the cabin is gimballed so the occupants stay upright, and the rest of the body rotates 90 degrees around it.

On the road, the Alef Model A has a top speed of 25 mph, though the top speed in the air has yet to be determined.

The company says that the Model A will have a price tag of around $300,000 and that more than 400 pre-orders for the two-passenger variant have already been placed.

If everything goes according to plan, Americans can start buying the first model year in 2025.

They will have the 2 passenger variant and 4 passenger variant.

There's also the Alef Model Z flying car.
*The year 2025

Fernando: I'm going to buy the Alef Model A Flying car.

The Flying Car of the Future, Today 

One of Phineas and Ferb's inventions. Legend has it that it's still pulling to the right to this very day.
Phineas: "The Flying Car of the Future, Today, is still pulling a bit to the right."

Flying Carpet 

When you are in a public place and have to take a shit really bad, but the toilet has piss all over it. So you have to bend over the toilet with out touching it, as if you were hovering over it on a flying carpet.
I was at the stadium watching the Chargers and had to take a shit, so I had to perform the flying carpet.
Flying Carpet by Travis Mo Dogg February 21, 2009

Flying Carpet 

When needing to take a sh*t in a public restroom, you bend over not letting your ass touch the toliet. Hoovering above the toliet as if you were on a flying carpet.
Ah maaaannnn.....some one pissed all over the toliet. I guess i will have to perform the flying carpet.
Flying Carpet by Travis Mo Dogg February 28, 2009

flying carpets 

"He passed with flying carpets."

Flying Carl 

When you shit in a sock and then hit someone in the head with it. Sometimes mistakingly refered to as a Hot Carl.
My neighbor had been running over my garbage cans lately so I snuck up behind him one night and wacked him with a Flying Carl.
Flying Carl by SI-Ex-Pat January 15, 2010