hahah yeah, they do.
Its not going to hurt your vehicle if you do it every once in a while. But if you're constantly doing it, it'll(your car) start to show signs of fatigue.
Such as, if you have an Automatic... if you're constantly doing mad burnouts you might develope slippage overtime. You also run the risk of overheating the unit from all the unnessacary load thats being put on it.
If its a Manual... well your clutch just wont love you anymore after a while. It'll protest its hatred in you by not engaging properly/slippage after a while... and shortened lifespan.
Now, unless you've got a high torque motor... I cant see how your engine will appreciate the instant load, along with moving real fast with out much cooling affect. Could run into over heating if you do a long enough burnout i suspect.
Overall, a burnout is torture to your drivetrain. Even though I said in my previous post that it doesnt do much to your rear brakes. It doesnt... but the rest of the car probably doesnt like it. hahaha.
But hey... it makes for one hell of a cool show.