This is a properly done drag race, it's just illegal is all.
You might think that, once a Camaro has been converted into a full-on drag car, complete with nitrous oxide and drag slicks, that it would be unfair to put it up against anything that is showroom stock. Well, you'd nearly be right. But the Nissan GT-R is no ordinary car, especially in a drag race. All of that high-tech (and high-priced) launch control and other assorted badasness has made the car into a very serious force to be reckoned with.
As a bonus, the end of the video includes a clip of the GT-R sprinting away from a light to evade the cops. We won't ruin the end for you.