That’s how artist Julien Berthier describes his unique vessel Love Love. It may look like it’s sinking and is way down by the bow, but in fact it’s floating right on its design waterline.
It may well be “a safe leisure object” (when navigating in moderate conditions), but I doubt it’s very functional. I think it might more accurately be described simply as an objet d’art.
Here’s what it looks like out of the water (note the drive leg):
And here it is tied up in its berth:
If you want to see Love Love in action (so to speak) you can check the video here.