The Breakaway Bucket was designed by Larry Wood. It is a fantasy casting inspired by a heavily customized Ford Model T bucket hot rod.
It was first released in 1974 in the "Flying Colors" series and was produced until 1977. The model 8263-a with Redline (RL) wheels is from its debut year.
The casting's main gimmick is its "breakaway" feature: the front axle and engine assembly is a separate piece that can detach from the main body, simulating a crash or explosion. It has a large exposed engine and a short pickup-style bed. The initial release was in orange enamel.
The Breakaway Bucket is similar in theme to other T-bucket castings like the "T-Totaller" or the "Street Rodder," but it is unique because of its breakaway play feature.
Besides the original orange, it was also released in green. There are variations in the color of the plastic engine and front axle piece, which could be orange or yellow.