By world's fastest donuts, we don't mean delicious pastries moving at a high rate of speed. We're referring to this video of Russ Swift's Guiness World Record for spinning his Lancer Evolution through ten 360 degree turns in just over 16 seconds.
If the name Russ Swift sounds familiar, it should. He's also got records for the tightest/fastest parallel park and quickest J-turn, which are also shown in the the clip below.