Ben Bailey, 25, Ben Whiting, 32, and Rupert Brandon-King, 31, used a dozen propellers to make their 7ft DIY time machine soar 100ft into the air.
But their celebrations were cut short when a gust of wind sent the sci-fi replica nosediving into the ground, damaging it beyond repair.
Mr Bailey, a life-long Doctor Who fan, came up with the idea to build a Tardis for the show’s 50th anniversary.
The three pals run Devon-based Flyonix, a company that makes remote controlled flying cameras for the film and television industry.
They used the same technology to make their blue polystyrene Tardis float into the air by equipping it with 12 tiny motors and propellers.
Their wacky device had enough power to reach 400ft – but it barely reached 100ft before crashing down to earth as amused spectators looked on in Hatherleigh, Devon.
Mr Bailey said: “I have been a Doctor Who fan since I was a kid. It is a typical British programme – a bit cheesy, but awesome.
“We came up with the idea to make a Tardis for the show’s anniversary. The work was all done in our spare time so were running a few weeks behind.
“It was probably a bit too windy to take it up but we got a bit impatient waiting for a lull in the weather and about 15 to 20 people had turned up to watch.
“The take-off was fine. It got up pretty high and was up there for about 30 minutes until the wind got hold of it.
“It’s not the most aerodynamic structure so it quickly nosedived and landed in a nearby farmer’s field. The polystyrene was completely smashed up.
“But we’re not too worried really. That thing was only really designed to go one way – upwards.
“On a clear, calm day with no wind we might just have got it down but it was never likely to survive a landing.”
Flyonix have made a string of bizarre household items including washing machines and lawn mowers fly for TV adverts and films.
But their £1,000 Tardis was the biggest single object they’ve launched into the air to date.
Their first prototype fared little better – it hovered several metres off the ground before crashing in a mate’s garden.
The finished call box was decked out just like Doctor Who’s original, complete with flashing lights and police livery, and weighed about 25 kilos.
Mr Whiting said: “We managed to get the mark one a couple of metres off the floor, so it was back to the drawing board.
“We came up with a new multi-rota for lift to get it off the ground and to help it move with more control through the air.
“The challenge had been set and none of us was going to turn it down. I think we are just programmed to try out new ideas, test the limits.
“It was a pretty surreal sight and very pleasing to see her actually take to the skies.”
Doctor Who’s fictional Tardis – which stands for Time And Relative Dimension In Space – made its TV debut in the first ever show back in 1963.
It had the ability to transport its occupants to any point in time or anywhere in the universe and was supposed to be able to change its appearance.
But it was stuck in the shape of a police call box, a common sight in 1960’s Britain, after a malfunction on a visit to London.