Gov'ner var; live or Memorex?

I recently received this car in trade. I confess, at first blush I thought it
might be a fake based on the blister, but I was late for work and riding a new
ww var buzz and went ahead and opened it. When I got home from work I took a
closer look. Here are, and I warn you they are VERY big, pics to show why I
believe the car to be inauthentic:

http://members.aol.com/mfinja/traders/govner.jpg
http://members.aol.com/mfinja/traders/govbp.jpg

If you have your browser set to automatically resize images, you will have to
change them to full size to see detail and included text. Other unmentioned
details include the blister being very stiff along the bottom and edges. The
section of blister that is missing, I basically snapped off. I'm no expert, so
I would like opinions from others on what they think. Text in the photos
represent my opinion on what is going on with the areas pointed out. 
Although, even if the real deal it could just be considered an error car, it
would have been a possible 6th variation  ;>)

Chris
whitewall junkie and variation dabbler
<a
href="http://members.aol.com/mfinja5/whitewalls2/ultimatedropdown/frames.h
tm">Mfinja's Hot Wheels with Whitewalls</a>