There were some in circulation before the BATF and Congress tightened things up in 1981, and these were grandfathered in, so it is possible to buy an unregistered drop in auto sear. However, the legal unregistered ones are 1) expensive, 2) illegal to own if you also possess an AR-15 rifle or even certain combinations of AR-15 and M-16 parts, and 3) don't fit in most newer AR-15 guns anyway, as Colt modified them to prevent using the DIAS device back in the 80's.
-ccm
A lightning link might do the trick. I've heard of them, but never seen one. Again, the link itself would be considered a "machine gun" and require all the Class III Bravo Sierra that goes along with it. So much for an "inalienable Right".
The registered shoe-string "machine gun" for an M-1 is still the most ridiculous abuse of the Class III registry I have ever heard of.