Drifting is nothing more than driving your car sideways, but in control, and hoping that you don't encounter your steering lock. It isn't for me either, but I have to agree with Eric that it takes a lot of skill and that alone should get your respect. (Eric, don't get cable, just get out more: haven't seen you in soooo long, I can't remember what you look like...just kidding)
While it isn't the fastest way around a track, it is a total hoot when you are the one behind the wheel. I can't imagine any Cobra driver saying they don't find it thrilling being sideways. I still remember my early days in my Fiat-Abarth...all that thing did was drift. For those local guys that have never seen it live, here is a link to the NASA/ClubRacing drift schedule. These are held at the track with HPDE and race sessions.
http://168.158.29.110/drift.asp