Looks like he was a little slow in correcting the car. He counter steered, but held it too long so the car "over corrected" in the other direction.
No doubt a poorly set up suspension didn't help things, it probably has stock shocks with stock springs cut way too low. You can't tell from the video, but he probably has that stupid set up that the poseur drag racers do where they have the stock steel wheels on front with the stock tires and some 17's with really low profile tires in back. If so, that has got to make for some really ****ty handling, with the front tires rolling under and the backs just sliding around.
\'94 Cobra #4963/5009, black on black, not quite stock
Formerly owned a black '00 SVT, #1972
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RIP - Ray "Old Fart Emeritus" McNairy