Burn rubber
Definition 1 of 1
Pro Tip 1/3Automotive Origin
Originally refers to spinning car tires on the road, creating smoke due to friction before speeding off. 
The street racers were ready to burn rubber as soon as the flag was waved.
Pro Tip 2/3High Energy
Implies a sudden burst of speed or immediate departure, full of excitement or urgency. 
When the band finished, they burned rubber to get to the next gig on time.
Pro Tip 3/3Colloquial Usage
Used informally in casual conversation, not in formal writing or professional settings. 
At the family BBQ, my uncle boasted that he would burn rubber in his new sports car.