Eric Singer of Schwood snagged a worn out, leaking fiberglass canoe for $50, and managed to salvage it to become a fully functional (and leak free) vessel with just a few basic supplies from the hardware store.
After an initial smoothing of the problematic areas, the team was able to patch the cracks with resin:
Then, all it took was a round of serious sanding to refresh the whole surface (wearing a respirator, of course, since fiberglass is dangerous stuff), and a new coat of paint. Oh, and some DIY oars whipped up from some scrap wood lying around the Schwood shop.
Check out the full transformation at Experiment with Nature: Salvaged Canoe