Definitely. A one off pet name for one of the entrants in a cheap $3000 car performance challenge.
https://www.saabplanet.com/the-final-episodes-of-3000-turbo-car-challenge-by-mighty-car-mods/
One writer spelt it ‘WaSAABi’ making it a little more obvious, although the car sported all Capitals on it’s rego plate (fake?) and branding.
SAAB owners are mostly very particular about their choice of vehicle. No surprise one has seen the opportunity for PP’s in Australia.