"The Eye of Argon" by Jim Theis was published in 1970 in OSFAN, the journal of the Ozark SF Society, issue number 10. Photocopies – invariably with the last page missing – circulated for decades among science fiction fans, and it became a regular sf convention challenge to read the story's mangled prose with a straight face.
The worst sci-fi novel ever written: Now available online in all it's glory
The Eye of Argon: complete with transcriber's notes and MST3K-ish commentary.