Behold the smallest electric guitar in the world. Well, it's called the "smallest precision electric guitar available," because even though its body is just 1/6 the size of a normal instrument, its fretboard is the same size as an ordinary guitar. This is not a toy; it has a couple of pickups that can give you your choice of humbucking or single coil sound, and tuning machine heads that look pretty solid. The makers even tried to mimic the cellular structure of wood with its plastic body, injected with air bubbles in an attempt to give it more resonance despite its diminutive stature. Plus, holding his guitar will make you look really, really big. If that's important to you, it'll cost you $799.95. Kinda reminds us of that little Martin Backpacker. Click through to the next page for a big pic of this tiny electric ax.
since electric guitars don't resonate, they simply pick up fluctuations in the magnetic field caused by the metal strings, I would say they probably tried to make it feel like wood just for the tactile sense. And to add "percieved value."
Electric guitars sound the way they do because of the pickups and the wiring. Is that to say that a classic flame burst Les Paul or a bone white American made Strat aren't worth the money? Absolutely not. They are great guitars, made very well and worth every penny. This one might be made well too, for the asking price I'd expect nothing less.