the video was sped up, and the driver of the trans am never left first gear so the sound from it created the illusion that the car was going faster than what it was.
also, any skater knows that at a certain speed, if you dont lower the center of gravity to basicly the ground, or lock your wheels, you start to get speed wobbles.
and from the video that wheel was not locked.
the laws of physics just does not allow small wheels to travel safely at high speeds.