'Blue Diamond' Ford Mustang Shelby GT500 was tuned to 800 bhp (597 kW). As the car was being tested flames shot out of the engine bay and the car lost a piston rod bolt.

Hey, be careful where you leave those oil-soaked rags around the garage.

Here's a video of an 800 bhp (597 kW) 2008 Ford Mustang Shelby GT500 bursting into flames. This particular model is called the Blue Diamond by its owner but in this brief video it doesn't seem very good at keeping its cool.

According the the owner, a stretched piston rod bolt simply shot out from the car.

The Shelby GT500 comes standard with 5.4 liter V8 with 500 horsepower but this high-strung car's performance was boosted to 800 bhp by a tuner in Florida for drag racing.

Time to start over.