The drag race
I've watched the drag race between Milner and Falfa a bunch of times. Milner clearly gets off the line better and is in the early lead. Then the next shot shows both cars roaring down Paradise Road. At that point it looks like a dead heat between the two. Then in the next shot, just before Falfa loses control of his car, it actually looks like Milner has a slight lead. Then Falfa's car spins out and he flies off the road and wrecks.
After the race, Milner looks upset and then tells Toad "I was losin', man. He had me, man. He was pulling away from me just before he crashed. You saw it!"
Then Toad disagrees with him and tells him he, Milner, was winning. Milner shouts back at him: *beep* Toad - the man had me, he was beatin' me!"
But to my eyes, Falfa was not beating Milner. So why was Milner reacting like that? Maybe b/c he used to beat the daylights out of everyone and now suddenly guys like Falfa are neck-and-neck with him. He knows its inevitable that it's about to all slip away.
That's my take.