The Avrocar was funded first by the Canadian government and then by the U.S. Air Force before the money was finally pulled in 1961. But flying saucers, of course, lived on in pop culture — and in homemade toys like the one this kids are playing with.
Someday, I suppose I should probably write a full post about the Avrocar. For now, I'll leave you with some footage of the saucer hovering around Malton:
The photo comes via York University's Clara Thomas Archives & Special Collections here.