Help me understand these "crash" videos?

Here's one that breaks my heart, as it contains two of my bucket list cars, but I can't help but seek an explanation here.


#1, no I don't condone street racing, but I have built and owned 500-800 hp street cars since I was 16, so I have my fair share of stupid decisions, and close calls, but NEVER ONCE IN MY LIFE, have I EVER had one uncontrollably whip sideways like I had a busted axle. Are these just young kids with too much money that run out of talent? I see these videos with stock mustangs, c5 corvettes, etc. Tons of them.

Now I have also been drag racing (semi professionally at a track) since I was 16 also...but these videos leave me scratching my head what am I missing??