Yep, that photo is right out of my childhood. Below is another one. This is exactly how we looked and dressed back in the day. I can almost hear "The Night Chicago Died" over the transistor radio. (Paper Lace)
I had a Kmart 10 speed that for some reason I spray painted completely black.
Now, I'm a pretty serious cyclist, and I do wear a helmet. Because I know how people around here drive.