Back in college I spent $500 on a 1967 Chrysler Newport. Me and buddies spent the next couple of weeks jumping it (got 30 yards and never lost a hubcap), cutting the roof off with a cutting torch, spray painting flames on it, hitting dumpsters etc. You know the stickers you get every time you buy an aftermarket part? We put dozens of those all over that car. Even got insurance on it to drive around town. Ever seen a cop double over laughing after pulling someone over? Finally died like a month later and called the junk yard to pick it up. Probably the funnest $500 I ever spent.
Seems a bit silly to me to destroy the iPad like that but it's not really any different than what I did. To each his own I suppose.