Wheel … of … Falkirk!

The Falkirk Wheel

These caissons always weigh the same whether or not they are carrying their combined capacity of 600 tonnes (590 LT; 660 ST) of floating canal barges as, according to Archimedes’ principle, floating objects displace their own weight in water, so when the boat enters, the amount of water leaving the caisson weighs exactly the same as the boat. This keeps the wheel balanced and so, despite its enormous mass, it rotates through 180° in five and a half minutes while using very little power.

Short time-lapse video of the wheel in action
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Wikipedia entry