"Drift missiles" are cheap, generally crappy cars used for horsing around and general tail-out antics with friends. The goal isn't to build anything pretty, or even anything particularly fast, just something mean enough to get the job done. This is how you do it.
Like the missiles themselves, the process isn't pretty. Nonetheless, the tips and tricks shown by Chris Forsberg and Ryan Tuerck should help you on the road toward realizing your very own rubber-burning crapwagon.