Nah, I'll pass. The thing with smoking the tyre under power is it's on the extreme edge of adhesion, there's a lot of momentum in a bike cartwheeling out of control which is exactly what happens. The risk of doing serious damage to yourself, your bike, other people and property is inevitable if it goes t*ts-up.
Unless you were meaning in a disused carpark (then yes, go ahead and impress me!
) as per that stunt video posted at the weekend, but I suspect you meant on the open road.