- Lose the race, Lose your ride! Using the setting of a classic 1950s drag race, PINKS pits contestants in a best two-out-of-three format, with the loser handing over the title (pink slip) to his or her vehicle. The rules are simple: two vehicles show up and drivers negotiate any head-start distance (vehicle lengths); vehicles line up, the flagman drops the flag and the first one down the quarter mile wins. After each round, the drivers have the opportunity to re-negotiate lengths.