From the camera man it sounds like it was filmed in some japanese area. I agree that it is stupid to do stuff like that on the street. However, I have seen so many videos of japanese drivers drifting through canyon roads in the middle of the day with tons of cars around. I think it is more accepted there than in the states. Doesn't make it any safer. I think they just have less reguard for safety over there.
BTW, was that an old 5 or 7?