UPDATE: Many thanks to all the commenters, who filled in the blanks we didn't look to Google Video for. The facts (as we understand them), for new arrivals:
- The track is Mid-America Motorplex in Pacific Junction, IA.
- The camera car is a 1980 Porsche 911SC powered by a 3.6L from a 964.
- The 'Stang he's chasing is a Saleen. Its driver calls it "Nemesis," explaining the nature of the taunts.
- The Mustang driver is Melissen's brother.
- It is one of our favorite videos ever.
Follow the jump to watch.