Have you ever done just that little burnout to heat the tires a bit? Or it might have been just a little smoke 'em bit to intimidate the Mustang in the other lane? One of the usual methods to break the tires loose is to get the car rolling, back out of the throttle just a bit and then nail it. Wrong thing to do. It seems that the PCM (not sure if ECMs do this or not), is set up to compensate for this maneuver. In fact, doing this fools the computer into thinking that the engine is close to detonating. The PCM immediately yanks the timing back costing hp and low end torque. In fact, the way the PCM recovers is to yank bank the timing and then slowly add advance, too slow for your next coupla runs down the 1/4 mile. In other words, by doing that quick maneuver, your engine just lost enough advance to affect your 1/4 miles times and speed in the traps. There is no way to recover from this except disconnect the battery cable for maybe several hours so that all short term curves are reset to default.
What happens is that the MAF, which is measuring the airflow, sends the PCM signals telling it how much air is flowing. The MAP which has lots to do, contrary to popular belief, is busy comparing reported air flow by the MAF with absolute pressure within the intake manifold. The MAP, when the gas is backed off, will report a high vacuum (in comparison to ambient air pressure--it's sort of an altitude compensation), then just as quickly report a low vacuum when the throttle is nailed. The figure that the MAP reports is what is used by the PCM to govern how much advance is generated for the engine. By backing off the throttle, then nailing it, the PCM is told that the engine is generating enough dyanmic compression to begine detonation for whatever cause. To protect the engine, the PCM then hauls back the timing and there goes your 60 ft times, the overall ET and the speed thru the traps.
The trick as I see it, is to get the other guy to do that.