The Library has a number of interesting Optical Illusion models. Post your favorites below, or create new ones:
The above model is a classic 3D illusion model, and the creator got the viewing angle right
Another classic model is shown above, but this one also has a stereoscopic image
Above: Try saving and reducing the image size if you can't see the 3D effect.

Above: Very beautiful

Above: This may make your head hurt
Above: Similar to another above, but the "star" at the center is an interesting effect
Another penrose triangle:
From some sketches to an impressive illusion:
Everlasting staircase?


That could have been the inspiration for the model posted above...
Very good.
They are not quite the same, but on the idea of Kinetic Art, check out http://www.woodthatworks.com/
Deja Vu is my favorite model currently for sale (just in case anyone was wondering what to get me as a gift).
That Deja Vu thingy is amazing, but I think that I would fall off the couch if I looked at it for a sustained period of time. It makes my head spin!
Just made another version of the Penrose Triangle:

What do you think?
I don't think the Adobe logo is an optical illusion, but it definitely is a good 3D modeling challenge. To do it in one step is pretty good.
Check the 3D viewer to know why it is...