Wrecked by the power of burnout.
This is really a pretty fantastic idea: put a giant beast of a drag racing engine into an old Holden V8 Commodore, and then do a burnout so ferocious that it rips the car apart. Welcome to Australia, everyone. It might seem like a lot of trouble to go to for just one burnout, but you might change your mind once you see this. It's pretty damn cool. It did have the unfortunate side effect of setting the car on fire a bit, but it looked like they had it more or less under control, and the car was obviously totaled anyway. That was a given from the get-go.
We just hope that clearly very expensive engine wasn't too badly damaged, that being the only part of the car that's worth anything.