This can easily be obtained when racing in heavy rain. Just go into a tight turn and don't lay off of the accelerator. If "lucky," your car will go into a drift and the achievement will pop immediately.
I got this one during the Chinese GP on turn 13 (the one right by the large "Shanghai" sign with the Chinese letters). My car drifted through half of the turn and as I was spinning out the achievement unlocked. Then, I simply hit the rewind button and continued on throughout the race, forgetting that I ever spun out.