A burnout is pretty easy to do, but it's a lot easier with a line-lock. A line-lock allows you to lock the front brakes independently of the rear brakes, so the car stays put while the tires smolder.
It's always been my opinion that a car capable of going real fast should also be able to stop real fast. In fact, I even tend to give stopping power priority over all-out horsepower. It's quite simple ...