I know, I know, why bother, right? But I think it has potential for at least a commuter bike or a beater. The 22-inch frame sports a Huret front derailleur and a Skylark rear derailleur, plus a Shimano Via rear hub. The bent-and-re-straightened handlebars may get swapped out for a handlebar with bar end shifters. Both of the 26 x 1 3/8 tires should probably be replaced. And the saddle is too cushy for me so that's gone.
This is gonna be an uphill battle.