WOW! The closest that I've seen to that was at our local 1320 during a Winston points series weekend. This was back when Winston also sponsored drag racing.
An Econo-rail had made a revious pass and his triangular 'chute didn't blossom out right as it waved around before catching air. His next pass, the 'chute came out nicely but came off right by the finish line. He couldn't stop and ran through the sand trap at the end of the strip then hit a hill beyond that, putting the rail up into the trees. We could see it spinning in the air once he hit the hill. He wasn't so lucky but did live.
Oddly enough, a rail that he was running against in the earlier round of time trials had made a left turn from the right lane and was timed rolling through the traps at 162 MPH.