A burnout happen when a car is stationary but the wheels are spinning causing the tires to heat up and smoke resulting from friction (wikepedia). Burn out is one of the events during the Waterfest last July 18, 2010. There were three cars that joined and the one who is most applauded by the audience is the winner.
Out of the three entries, the winner was the truck (the picture right above). He was the most applauded one although the smoke pink emitted from the other car was so unique and awesome. I was not sure what other prizes were but on their website, it says that the winner receives a set of vredestein tires. Yeah, that car really needs a new set of tires after the burn out!