Drifting is all about losing tire traction while taking full control of your car as it gracefully slides around a corner with a mixture of angle and speed. In order to achieve this fine balance it is important to understand how your car will react to certain movements and weight transitions. Essentially a drift is a state of balance where the rear tires are spinning out of control, while the front tires maintain control and guide the car around the corner.
Quote from forzamotorsport.net's "Drifting Guide."
Okay I'm willing to teach people the basics of drifting. Post here if you want to learn or have any questions about drifting? Mizke, KronicMayhem, and I can help you out.