There’s no need to reinvent the wheel, unless you’ve got too much time on your hands and you need make it plywood.
The main suspense of this recent Hoonigans video—a new feature delightfully called Scumbag Labs—is not whether the wheels would immediately splinter into a thousand pieces or whether they’d be horribly off-balanced or whether someone might get injured in service of the stunt. Indeed, the wheels ended up spinning fine, and everyone involved turned out fine.
Would they catch fire, though? Turns out no, despite generating a huge amount of smoke and heat. I guess that classic frontiersman trick of rubbing a stick of wood against concrete at extremely high speeds to generate flame isn’t true after all.