I used to do all sorts of things as a kid in construction areas near my house. The fine layer of dirt on the newly paved roads assisted me in learnin' da skills!
I also had the benefit of playing with my FWD Civic and my Dad's RWD TransAM.
My favorite trick was making 'fish hooks'. Run the TransAm in reverse, pick up some speed, lay off the gas and hit neutral, throw it in drive, drop the pedal to the floor. The tires burnout while the car travels backwards, eventually, the car reverses direction and travels forward, still spinning the tires. If you throw the steering wheel into it a bit, you'll get the rear end to hang out and create the 'fish hook' effect.