Variation of peel out. This version can be used in many different fashions.
1. That guy was peeling-out on the trim press.
2. The V-dub is a peelout-mobile!
3. That is one peelout automobile.
4. Peelout! That guy just did a donut on cobblestone!
5. Peelout, what should we eat?
Or, in combination:
Peelout! That peelout-mobile is peeling-out on that peelout road!
when i car gases up quick from a dead stop and the drive wheels spin for about 2-3 seconds
that car just peeled out
that car was peeling out