Ford's Boss Mustang is arguably one of the greatest American muscle cars ever built. That's why Bodie Stroud wanted to build one. But Stroud also likes to improve upon the original designs of the classic cars he restores — engineer out the corporate cost engineering, if you will.

Our friend Trevor Andrusko was in perfect position to see the #52 Boss Mustang of Rehagen Racing fly off a corner at Mid Ohio. This incredible video and photo from the accident shows precisely how important those long rows of spent Michelins truly are.

Ford's unveiled a fully-upgraded 2012 Mustang Boss 302 with a revised-intake 5.0-liter V8 delivering 440 horsepower and 380 lb-ft of torque, upgraded clutch, brakes, adjustable suspension, bitchin' side pipes and race-inspired interior. Very boss, indeed.

Tony Danza has nothing on Alan Moffat's 1969 Ford Mustang Boss 302, seen here at the 2009 Goodwood Festival of Speed. (Hey, there was a Ford Mustang Boss 302 announcement today? Strange coincidence. - Ed.) Photo Credit: Jarod Carruthers.

We've now heard from a second source that Ford is readying a return to the 2010 Ford Mustang of a badge familiar to malaise-era muscle car fan-boys — the Mustang SVO. Just like the original limited edition mid-eighties Mustang was all about merging power performance with fuel efficiency — we're hearing similar…