Hey guys, I just made a few quick images of how to make a basic FEDracer. Now you can host your own extremely dangerous and stubby futuristic races!!
Step 1: Build the main frame, engine, and wings. Note: Under the 4-stud SNOT part (the one that holds the wings) are two hinge plates. You can't see it that well in the pic, sorry.
Step 2: Build the cockpit, the behind-the-cockpit-thingy, and attach them. Then you're done!
Of course, this is just the basic one. After making a normal one, you could experiment with making it longer, wider, or even more stubbier.