Thats an old video and this is the supposed story behind it.

A guy at the street races wants to race a mustang in his LS1 car with nitrous. He makes a wise move and decides he is too drunk to race, so he makes an unwise move and lets his slightly less drunk girlfriend have a go at a 400hp car with 17" street tires. That is the result.

Let this be a lesson that women shouldn't be allowed on the roads in anything less than stock Honda automatics.