It is a phenomena which is created when the water built up under the contact area removes any direct contact between the tyre and the ground.
Under these conditions the tyre cannot transmit any force to the ground. The vehicle is no longer able to brake, steer or accelerate. Therefore any external disturbance, however small it may be, like a side wind on a straight section for instance or the effect of centrifugal force on a bend, leads to completely losing control of the vehicle.
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