Hmmmmmmm , must say i'm not interested in doing burnouts or doughnuts (other than the chocolate with custard filling kind), used to do them in my CRX VTEC and had lots of fun, but then grew up a bit. I don't think handbrake turns are very predictable, unless you are a pro stunt driver, i watched 5th gear the other day with the guy trying to handbrake turn into a space like in the adverts, and he trashed the car and took many, many attempts, ending up in a different position each time.
Just a bit of fun from a junction, all totally controllable if you're careful, the secret is not to be too bonkers, and have a look at road surface before prodding the throttle, check theres no oil etc obviously in the road. Roundabouts are a different matter though ! far too much speed carried in to one will result in being chewed up and spat out, especially in the wet.
Anyway just a bit of fun, don't do it when the roads are busy or when someone's bearing down on you fast, spinning and sliding may look cool, but it sure isn't the quickest way from A to B !