I was on a wide city street on a saturday night, and ended up #1 in the slow lane at a stoplight while driving my trans-am. Sure enough, a camaro SS pulls up in the fast lane and a turbo'd ricer pulls up in the middle lane. Like an ass, I figured I'd play boi racer and off we go. The SS got a great launch but I was beating the ricer even though his car was making these loud whsssfhhhppp-weeeee noises from some popup valve or whatever makes those little engines go fast. Anyhow, right as I approached the redline and maxed the torque/hp curves, the wheels slipped just a bit and the car turned just a bit on me, probably due to my abused limited slip rear end. I've had this happen before and a short-shift always fixes it, so I decided to just short shift and continue. But as I did, another part of my brain had already decided to powershift so I powershift into second and the car immediately looped right there in the middle of the damn street, towards the poor dude in the ricer. Fortunately he saw my car start to get squirrly and he had dropped back enough that I missed him.
I spun left across all 3 lanes, and managed to slow the rotation enough with gas/throttle/brake to slide through a gap in the center divider, thereby avoiding removing my tires and suspension on the median curb. Of course this meant I entered the opposite direction lanes going sideways at about 50, but thank god nobody was even in sight coming the other way so I never even kissed the curb as I ended up coasting in the opposite direction from how I'd started.
There's no good reason why I didn't wipe out 3 or more cars right there, other than pure damned luck. I've always thought street racing was full-up stupid and that's why before this incident I had strictly limited my racing to track events and autocross. Of course the one time I give it a go, I pulled a stunt I've never done even during solo laps on wet track.
It didn't help that my tires were old/hard and my rear shocks were set up for turning/acceleration grip instead of straight-line hookup, but it was still a dumb thing to do and something I won't repeat. I still do a little track racing from time to time...