I'm fairly sure that 90% of those wacky "exercise" ideas - like the hip-swivel chair - were created on a whim, or as a bet between two businessmen.
"Alright, we each have a month to come up with, manufacture, and advertise the most retarded exercise tool we can come up with. After six months of sales, we'll determine the winner by units shipped. Loser has to do a line of blow off the winner's genitals."