A company has created an IPhone application for sale in the App Store that does nothing. Its main purpose, at a $999.99 price tag, is to alert people that you are, in fact, ballin'. Of course! What's funny is, this will probably be a big seller for the Ed Hardy crowd who can't wait to tip their phones out so everyone can see that dirty little red dot.
Link: http://www.alleyinsider.com/2008/8/apple-s-iphone-app-approval-mouse-falls-off-treadmill-buy-the-1000-app-that-does-nothing-aapl-
UPDATE: Apple took the application down from the store (p.s. it was called I Am Rich). Here's an article decrying that decision: http://www.kottke.org/08/08/the-1000-iphone-app
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