Every couple of months someone decides to make a thread on whether they should lighten their flywheel (as in, machine it down). There's always a few people (like me) who suggest it's a good idea, as long as you dont value your legs. Here's some pics of a guy who blew his flywheel on his Mustang doing burnouts. The flywheel was stock, not lightened, and he was doing about 7800 rpm. This is FAR more likely to happen to a machined flywheel, especially one which has done 100,000+ K's already.
Remember kids, if you want a light flywheel, get a billet (or just dont bother getting a light flywheel if it's just for road use)
This is looking through the guard. Notice a severed brake line:
Here's pics of the headers. These a bent mild steel headers - shows the amount of force behind the busted flywheel:
What looks like a bent hose to the right of this pic is actually a steering arm. Gives you an idea of the force.
Rooted clutch assembly:
What he could find of the flywheel. Look at the ring gear, and how it's bent:
Here's pics from when he was doing the burnout:
Here you can see the explosion under the car:
Just in front of the car you can see a piece of debris:
Bang.
This guy was lucky, he kept his feet. His car suffered massive panel damage, including holes in the bonnet. It's likely that when the flywheel blew, it caused a massive inbalance in the crank, which at 7800rpm would have $$% his bottom end rightly. The car has no brakes (severed lines) and no steering.