The 950-horsepower Ferrari LaFerrari is among the best cars on the planet. It's so over the top—and so rare—that Ferrari picks which of its best customers will get the right to purchase one of the 499 million-dollar supercars. The only thing to criticize is the nonsensical name.

Now, Ferrari is taking it all a step further, with an even more powerful, track-dedicated version of the LaFerrari. With over 1,000 horsepower, special Pirelli slick tires, a fancy monitoring system that keeps an eye on longitudinal, lateral and radial acceleration, as well as current tire temperature and pressure, it’s basically as close as one can get to a Formula One car, with a price to match.

And it's called the FXX K. Seriously. We’re sure you’ve got a few questions, so let’s do a quick FAA Q.

What the FXX K is up with that name?

It’s actually a nod to the 2005 Ferrari FXX, a powered-up version of the beloved Enzo. The K stands for KERS, the Kinetic Energy Recovery System that Ferrari adapted from Formula One to make the LaFerrari even more ridiculously fast. Of course, the hybrid system made the transition to the FXX K.

How powerful is it?

If the LaFerrari’s 950 horsepower is a bit three-figures for your taste, how does 1,035 hp sound? Ferrari took the hybrid supercar’s 6.2-liter V8 and electric drive system, added new camshafts, a modified valve train, and redesigned intake manifolds, to wring out every last drop of power. Torque is up from a comparatively measly 516 pound-feet to 664. Back of the silk napkin math says that should be enough to reverse the rotation of the earth.

What else is different from the LaFerrari?

According to the company, the front of the car has a number of new aerodynamic elements that together "generate a longitudinal vortex that creates a localised depression." Basically, the faster the car goes, the more downforce it creates, so it sucks onto the ground and provides better handling. There is 50 percent more downforce in the low drag configuration and 30 percent more in the aggressive downforce configuration. Oh, and the car’s silencers have been “eliminated,” Ferrari says. So the FXX K will be gloriously loud.

It also comes with four different drive modes for the hybrid system: Qualify for maximum performance over a limited number of laps; Long Run to encourage consistent lap times; Manual Boost for instant torque delivery when a button is pressed; and Fast Charge to quickly charge up the battery.

How do I take one home?

Short answer: You don’t. Long answer: Ferrari hasn’t announced pricing or how many units of the car it will make, but since it made just 499 LaFerraris, expect the production run on the FXX K to be even smaller. The LaFerrari reportedly costs more than $1.6 million depending on whom you ask, so you should also expect the FXX K's price to be over $2 million. Oh, you’ve got that kind of dough on hand? You’ll also need to be a valued Ferrari client and be selected for the right to buy this machine.

In fact, no one will be able to enjoy the FXX K at home. For one thing, it’s not street-legal, so you can’t drive it anywhere but the track. Feel like breaking the law? Well, Ferrari won’t actually let you take it anywhere. Like with the Enzo-based FXX, Ferrari will keep the FXX K for you at its factory, and will kindly let you use it at your preferred race track whenever you wish to race it around. It's a bit like borrowing your dad's midlife crisis-mobile for prom night. Only much more expensive.