Wiktionary
vb. (context idiomatic intransitive of a vehicle English) To accelerate so rapidly from standstill that it leaves a mark of burnt rubber on the road from the tire.
Usage examples of "burn rubber".
Homer glared up at us and gave us the finger, then backed out recklessly, put it in forward and tried to burn rubber on the way out.
Robyn - as soon as we're inside, you turn the car around and get ready to burn rubber.
Then you were up and running and I figured you were going to keep on flat out right to the end of that alleyway, and I had to burn rubber through a red light and get the whole of that block behind me and make another turn and get my ass all the way down to where you were in time to catch you, is what I mean, I only just made it, you got legs.