This is nine-time rally world champion driver Sebastian Loeb doing donuts in the canals of Cordoba. See? Not so gross as it sounds at first.
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The trick about Loeb is he makes everything look easy, because he is in fact a lifeless robot who is programmed to drive cars. If I heard anyone else was going to attempt this, I'd bet good money they' hit the wall.
(Hat tip to McNewbie!)