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I'll agree that it's too far gone to save, but the wheels and front seats alone will bring more than $2000 on ebay if they're in halfway decent shape. Hell, the steering wheel center cap is worth $75-100 and a thrashed correct Momo wheel will bring $100.
 
Hmm... you would have to really want it and even if you did "restore" it, it wouldn't be a number's matching car so I don't know. A whole lot is missing.

How does it happen? An idiot gets a car.

I once watched a 93 Cobra go from a prestine low mile car to a junker. Waffle House cook got it and daily drove it, every time I saw it, it seemed to have more damage to it. I saw it quite often for about two years and the last time I saw it, well, it was just another ragged out rustang.