Done correctly, that is a thing of beauty to watch. 
I know I've pulled a few off, be it by accident or on purpose, that were at least mildly entertaining to those in traffic, but I once did a beautiful power slide through the intersection on cypress getting on the freeway northbound. I couldn't help but smile big after that. I did another this summer on cold tires on my way to work, completely unexpected, but I just went with it when it kicked out and had fun. I couldn't stop laughing afterward!
