What is this and what should I do with it?

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So I picked this little thing up for scrap price,
4a6e233e.jpg

What is it/who made it?
Any ideas what I should do with it?
 
From the backview of the chainring, it looks like an AMF cruiser from the late 60's or early 70's, but it could just be a random chainring, so i'm not totally sure. what to do with it? If the wheels are straight, they may be a good set. Parts at worse, and lawn art at best.
 
This bike is only good for yard art, parts, or the scrap yard.
 
If the rims are good, save them and the forks along with everything but the frame, and use them on a standard frame you like. Then take that frame and cut it up to make a truing stand.

8y7udf.jpg
 
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