Summary: In the mid-1990s, John Leonard attempted to obtain a Harrier jet through Pepsi's promotional campaign by raising $700,000 to buy seven million points.

-Pepsi, claiming it was a joke, refused to deliver the jet, leading to a legal battle that Leonard lost.

-Recently, Liquid Death launched a contest promising a $400,000 Aero L-39C Albatros jet as a prize for in-store purchases, directly challenging Pepsi's past promotion.

-The winner will also receive a year's supply of Liquid Death and other perks.

Pepsi Points Redux: Liquid Death's Bold Fighter Jet Giveaway

A now infamous story – worthy of a movie that hasn't been made yet (although a four-part documentary is available on Netflix) – tells how in the mid-1990s a 23-year-old student raised $700,000 from investors to buy seven million Pepsi points. The goal was to obtain a McDonnell Douglas AV-8B Harrier II fighter jet. It was part of a promotion from soft drink maker Pepsi, where for various points consumers could claim a variety of prizes, including t-shirts and sunglasses. But in an ad, the company implied that it would provide the Harrier II for the seven million points!

As CBS News reported in 2015, the ad caught the eye of John Leonard, who read the rules and found that instead of buying a can or bottle of Pepsi to gather the points, each point could be bought for just 10 cents. That resulted in the seven million points costing $700,000, which Leonard raised through investors. Pepsi didn't send the jet (and almost certainly didn't have one available) and responded that it was a joke.

Leonard hired a lawyer and a legal battle ensued, but the case was dismissed. To ensure that others wouldn't try to acquire the jet, Pepsi raised the points needed for the jet from seven million to 700 million – making it far too costly for a student or even a despot to garner enough points!

Now another soft drink maker is running a similar promotion; this time, it actually promises to provide a fighter jet!

The fittingly named Liquid Death began running a contest in May that will give away a $400,000 fighter jet – custom-painted Aero L-39C Albatros has been dubbed "The Dehydrator," reportedly due to the fact the thrust will "relieve you of your bodily fluids and make you empty your stomach."

Instead of gathering points, however, between now and early September, consumers who make an in-store purchase of beverages from the company will be entered into a sweepstake. In addition to the jet, the grand prize winner will receive a year's supply of Liquid Death and a custom flight helmet – while the company has pledged to pick up the sales tax for the plane for the winner.

A few strings are attached, of course.

The jet is real and will come with a valid FAA special certification of airworthiness and the contest winner will receive six free months of hanger space outside of Chicago, but after that, it will need to be moved, and the winner will be responsible for any expenses related to owning and operating the aircraft. Should the winner decide he or she doesn't want a plane (are they crazy), they'll receive a cash prize of $250,000 delivered in a briefcase, CNBC.com reported.

Liquid Death's promotion is also taking direct aim at Pepsi.

"We like to poke the bear," Andy Pearson, Liquid Death's vice president of creative, told ADWEEK. "And I've heard that others have had the idea to give away a jet, but no one's ever pulled it off."

It might not be a Harrier II – even as the aircraft is being retired from service – but the Aero L-39 Albatros is still a cool jet. Developed in the former communist Czechoslovakia during the Cold War as a light attack fighter, it is now used a trainer. It has a top speed of 470 mph and produces nearly 3,8000 pounds of thrust so perhaps that year's supply of Liquid Death will come in handy!

Author Experience and Expertise: Peter Suciu

Peter Suciu is a Michigan-based writer. He has contributed to more than four dozen magazines, newspapers, and websites with over 3,200 published pieces over a twenty-year career in journalism. He regularly writes about military hardware, firearms history, cybersecurity, politics, and international affairs. Peter is also a Contributing Writer for Forbes and Clearance Jobs. You can follow him on Twitter: @PeterSuciu. You can email the author: [email protected].