I agree with the above, out of the gas and as little steering input as possible.

I ran into some crap in the traps a few weeks ago at TNT and was potentially saved by the rev limiter. It spun the tires from 127-135 instantly and all I felt was a little wiggle. This may have been different if it happened somewhere down track where the delta from my RPM to the limiter was greater than just a couple of hundred RPM. It has made me want to get traction control working, I have the sensors in place just haven't set the software side up.