Replying to I NEED A GOOD EXCUSE BY TOMORMOW MORNING! HELP ME NS!

OK, so my parents are really strict about me driving my car. And tonight I burned out like 2 houses down from mine to show off in front of some kids and my friend in the car infront of me. Then I get a text from my buddy on my street that says "WTF are you guys doing?!?! The parents heard you burn out and they are pissed!!" And I'm not sure if the parents saw the burnout or just heard it, but they are going to tell my parents tomomorow and my car could be gone for the whole summer if they find out it was me. So I can either:

1) Blame it on the guy infront of me and say it wasn't even me it was a friend in another car. (but if I do that and it turns out the parents saw it then I will get in even more shit for lying)
2) Say I had my music on loud and I was wearing sandels and say I let the RPM's go way too high and I burned out by accident cause I couldn't even hear anything and my sandel fell off or something.

I need an excuse on why I burned out or I need a way out of this badly guys. HELP.