I once saw somebody do the ultimate version of that trick in the UK on a 4-lane road with a center crash barrier. It was still snowing, the traffic was keeping one lane clear but the other lane was covered in snow and slush.
I was the last of two or three cars driving along the clear lane at a boring but safe 30 mph. Somebody came up behind is traveling at the around the speed limit (70) and changed lanes to overtake. This caused a slow 360 degree spin. He overtook me and the other cars traveling backwards up the outside lane, and having finished the spin disappeared into the distance accelerating back up to 70.
A nice demonstration of Newton's laws of motion, unless you were of a nervous disposition