Bike porn

I think this bike is really beautiful, and I particularly like the cover on the top tube. I am just slightly unsure what this kind of thing is called and where I could find one in red...or maybe this is just handlebar tape..i am quite unsure...
http://fixedgeargallery.com/2009/june/10/Moliemoliemolie.htm

That is wank and it looks like it weighs about 125kg

And how is it suppose to stop?