Yes, this is a 1929 aircraft propelled by 86 gun barrels. It's certainly not the most efficient aircraft ever invented, but it definitely makes some sort of statement. You can find similarly trigger-happy aircrafts here and here. [Via Modern Mechanix]
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Actually, if you read the article, the gun tubes are being used as rockets, not actual guns.
This type of thing has been in use on a number of aircraft. For example, Hercules aircraft used by military around the world use rocket assist if they need to get moving fast in order to use shorter runways. These aircraft are typically loaded down with heavy payload.