Landing a Plasma Bolt hit, and by extension eliminating any rival on Race mode (unless you talk about Fusion, where you can become the sole survivor of the race).
THElegendary video of Oggob's Florion Heights 151 Zone run in Wipeout Fusion. How is that awesome? That is not a speed-up video. It's real.
By extension, any time a Zone run goes past Zone 100.
The existence of Wipeout 64 for the Nintendo 64 could be considered this, primarily due to the sheer audacity of it. Despite Psygnosis being owned by Sony at the time, they managed to team up with Midway and release a game in a Sony-owned series for a rival console; a rival who already had their own fast-paced futuristic racing series.
legendary video