A guy in Mackay wrote Tailout: A beginner's guide to thrashing. He defines thrashing as "To drive one's car in an aggressive manner for pleasure or enjoyment." Hear here.
The article goes over several pages and details how to get your car sideways, how to do a burnout, how to do doughnuts, how to avoid police and more, taking the time to explain techniques for front wheel drive and rear wheel drive cars where it matters, too.
It's well-written and contains more than a few useful tips for how to have fun thrashing your car on the road without smashing it, breaking it or getting caught.