My dad found an acousic guitar on a street, it had a broken neck at the headstock. Fixed it up, and gave it to me. Cimar by Ibanez, came out 20 something years ago according to teh interweb. Horrible action, goes out of tune, very good projection. I still have it.
My first electric was some some strat POS copy by washburn. This was back when I thought gloss + black = cool. Sold it to some poor shmuck for a cool $100. This really turned me off to washburn products for a long time.
Incidentaly, my first bass is by washburn, T-34. I love this bass.