It was a record-setting day at Houston Raceway Park as cool temperatures and low humidity combined for ideal racing conditions for the first two rounds of professional qualifying at the 16th annual O'Reilly Spring Nationals presented by Pennzoil. Doug Kalitta has the inside track on his fifth successive low qualifier award after posting a 4.486-second pass at a jaw-dropping 333.91 mph, the fastest quarter-mile pass ever recorded.
* http://www.nhra.com/2003/events/race05/Friday.html
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According to http://www.motorsportsjournal.com/archives/2007/06/nhra_top_fuel_d.php, the American record for a top fuel dragster is 4.428 seconds / 336.15 mph I don't believe a street legal car like a Camaro completed a 1/4 mile drag in anything near 4.5 seconds. http://www.dragtimes.com/featured-muscle-cars.php lists a 950 HP '69 Camaro running a 10.860 sec / 124.000 MPH, and a very-modified-looking '69 Mach 1 running 7.670 sec / 178.210 MPH, but to get close to 4.5, I'm pretty sure you have to have a built-from-the-ground-up dragster. The latest Corvette ZR1s, some of the closest things to a built-for-racing (road course, not drag) you can buy and drive away in are said to be able to run the 1/4 in around 11.3 sec / 120 MPH. It's pretty amazing to me that battery electric powered dragsters are getting as fast as the fastest modified stock cars: 7.956 sec / 159.65 mph, according to http://www.greencarcongress.com/2007/12/altairnano-powe.html
The fastest quarter mile ever ran was set by Michael Johnson with a time on 43.18 seconds