That's not a good thing, considering the title of the list:
2008: Worst Waste of the Year:
A look back through some of the year's most outrageous federal spending.
Page 11:
Free Bike Library - Colorado ($66,000)
A $66,000 federal grant to promote clean air has been used in Fort Collins, Colorado for a "bike library" that allows local residents to check out bicycles for free. According to the Coloradoan, "demand for bikes has been so great, however, that the library is often empty," leading to "shoving matches between riders over the free-to-borrow bikes."
