I used to be a suicidal idiot behind the wheel when I was younger, and now that I've grown out of it I thank my lucky stars that no-one was hurt or killed.
I do still cut loose, but just when there is no-one around to annoy/endanger. I think if you saw the damage that a car which has crashed at 123 in a 60 does, you understand why they have to be so harsh on it.
After a crash, no amount of wishing you hadn't been speeding can undo the damaage that has been done.
As I've gotten older, I've developed the aability to think about "what if". Hence I'm now lots more choosey about when and where I break the law in my car. (but I do still have my moments though )