Well, not totally a Studebaker. The Studie body was mounted on a new Chevy S10 chassis. A crate LS7 engine with an automatic (?) tranny completed the package. The seller says $120K was invested, and that seems easy to believe. And that blue may be the definitively perfect color for a vintage pickup.
Find this 1950 Studebaker Pickup custom with LS7 Chevrolet power in California, here on eBay.