If I ate and exercised like that I fear I'd be doing more damage than good. Starve yourself and your body goes into conservation/famine mode, which makes it harder to loose weight. Research also shows this kind of dieting is associated with cyclic weight gain and loss and causes stress on the system that can cause permanent damage to your muscles and other organs including the metabolic systems that help us maintain a healthy weight.
Feed your body intelligently -- eat the right foods at the right times, limit or eliminate fatty foods, processed sugars & starches, and the like -- and exercise with the goal of burning just 50-500 calories more per day than you take in and most people will loose weight.
For me that means eating around 1750-2250 calories a day (with an occasional day here and there when I outright blow it) that include milk and cereal for breakfast, a non-fat latte', a "healthy" microwave lunch, granola bar snack, a workout about four or five times a week, a (usually) home-made healthy dinner, and a slow but steady drop in weight.