it's a drill press!! I...guess...

[1982fxr]

saw this on the local cl...

 

[turbodave]

Interesting, wonder if the base is magnetic?

 

[Sam'sAutoParts]

Hmm..direct drive I suppose

 

[zkling]

It's been a while since I've been into that area, but IIRC I've seen something like that used to drill holes in glass. The bottom should be a suction cup mount. :

 

[uart]

I'm pretty sure MacGyver made that DP back in the '80s, out of an old fan motor and some scrap he found in a barn.

 

[The DIY Hubby]

Yep, That does looks like the <a href="http://www.thediyhubby.com/drill-press-reviews/">best drill press</a> ever made from junk in the barn. Must have been MacGyver or maybe the boys from the A-Team...