I beg even the most cynical of you to check out this site. It's gotten a little media coverage in the last couple of days. One could certainly say that it's misguided and foolish of this guy to give away his money to strangers. I can't really argue with that. However, if even a few of the payments he makes end up truly helping someone out, it'll be worth it.
If you like the idea, you can go here to help out with as little as $1.00, or as much as you like. I did.