Too many Ferraris live incredibly dull lives. They rumble along some boulevard in the south of France at seven miles an hour, picking up glances on the way to some bottle service nightclub. This screaming, sideways F12berlinetta is not yet doomed to that fate.
Someone on Ferrari's private test track decided that the F12berlinetta's 730 horsepower V12 was better spent incinerating the rear tires than accelerating the car in a highly precise and contained manner (as we can only assume the engineers wanted) or revving loudly at a complete standstill (like all the douches in Lower Manhattan). As far as we're concerned, drifting a brand new Ferrari like this is a gift to society.
(Hat tip to robertfoster!)