Words that my wife hates: cupcake (the term of endearment, not the delicious mini-cake), fart, and project bike. I sucessfully avoided speaking 2 out of 3 today, but couldn't turn down this craigslist find.
I haven't been able to nail down the exact model yet, but I believe it's a Schwinn from 1986-1990. I bought it because it was quite similar to a great 1986 Schwinn High Sierra I got for free, but is too large. This one has all the stickers removed, including the head badge, making it difficult to identify. But for a$35 I got a bike that is a great fit, with new tires, and appears to be of good quality. If you have any clues on the year/model of this bike, let me know in the comments.
I'm planning to convert this bike to a winter-commuter by removing all of the deraileurs, brakes and gears in the back. I will probably keep the center chain ring from the front and put a single-speed freewheel in the back to keep it simple. It needs new cables and a new chain, but is in overall decent condition. I'll post updates as this project progresses.