I recently heard an urban legend-like story about a guy in a developing country who decided engine oil was too expensive and so used some vegetable oil instead. The story says the car ran for some time and then it's engine got broken and required complete overhaul so that guy wasted much more than what he saved on oil.
I'm not a car owner, so I'm really curious - what's the worst thing that can typically happen if some unsuitable oil is used instead of engine oil?