The tow mixer is made from a rear end differential of an old car or truck found in a junk yard. It is turned upside down and the part that is normally attached to the drive shaft of the vehicle, is sticking up through a hole that has been drilled in a 4 foot stock tank. A lawn mower blade is then welded on to the drive shaft, and when towed behind a vehicle, the lawn mower blade turns and chops and mixes the paper/water/cement mix. You're only going 5 miles an hour, for 5 minutes or so. It may leak water slightly, but bondo is used to seal most areas. It is a super fast process. I can't see why someone would want to do this going down the highway at regular speeds. It's not designed for that.
I attended a class last weekend, and it worked very well. We mixed enough papercrete in the tow mixer for 1 batch to make 18 blocks that were 1 x 2 feet in size. I would estimate that when set up, they weighed about 6 pounds each. The mix was 85 pounds of paper, 150 gallons of water, and 1 bag of portland cement. The papercrete website has a lot of this info on it, www.livinginpaper.com
Here is also a youtube video that explains how a tow mixer is made and used:
http://www.youtube.com/watch?v=JoLBeV6tzJ4