In his info part for the video, he makes it sound like 500hp has something to do with doing a burnout... What he did is a brake torque. All about torque, and can be done with any amount of it for the most part... Any RWD can do it.
No, it would be sweet. Back home, there is a house on the main road through town with a SWEET F-150 in the drive. Maybe a '94. Reg cab, short bed, dual stacks, mud tires, lifted, it lookes sweet.