RE: What an IDIOT!
It looks like he let up on the gas after the whip to the right, but too late....out-of-control!
There is no oncoming traffic because it is a one-way road. He could have used both lanes without a problem.
I took my '93 Ranger SuperCab (4.0L) to a wet parking lot one day. With posi-trac, it was very hard not to do just what that guy did once I broke the tires loose. In an open parking lot, no harm-no foul. So, I tried it several times. It looks easy, but it takes practice to have control once you begin to fishtail.