What were you doing back in '92? I was a freshman in high school, not old enough to drive and certainly not aware of drifting. This homemade video we found through Japanese Nostalgic Car shows drifters doing their thing, even at 6 in the morning! In 1992! So much cool. Imagine what the scene was like in Hakone then, a far cry from the Formula Drift series we see now.
And if you think that's a trip, peep the late '80s video after (and crank up the volume):