In this video, the host also goes into why people burn out, aside from the fact that it looks and sounds cool. If you've ever noticed a car burning out at a drag race before they take off, that's not just for show. By spinning the tires and heating them up, they're giving themselves the chance at more traction when it comes to launching. Also, that burn out will get rid of any unwanted crud that's set on those tires.
Check out the video below to learn for yourself and always remember to be safe if you plan to burn out!
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Bonus Video: