You will, however, wear out the suspinsion. "Suspinsion" does not mean shocks. "suspinsion" means shocks, and all moving parts. Bushings, ball joints, swaybar endlinks, etc.
It's certainly not as bad in the rain, and it's actually healthy exorcise in the snow (hehehe)
Just don't drop the clutch or drop the transmission into gear. This acheives nothing but causing problems. There are other ways to get the wheels spinning like crazy WITHOUT tearing up the car.
IE: get the wheels rolling and stomp on gas <- requires power and crappy traction
IE: in a parking lot, get moving really good and turn like a motherfuck (don't e-brake unless you have a manual and pop the clutch in) and start drifting... Look, your doing doughnuts now and you didn't hurt the driveline.
NOTE: YOU NEED AN LSD BEFORE YOU CAN BURN OUT. Otherwise you are just going to ruin one tire and tear up the differential.
All the videos you have seen with $200,000+ cars in them dropping the cluch like they do it every day... if they have enough money to burn on a $200,000+ car, they have enough money to replace the clutch, transmission, differential, and practically everything else.