I recently rewatched the excellent Virtua Racing episode of Pandamonium's US Saturn review series, and in it one of the tidbits mentioned during one of the excerpts of his interview with programmer Chuck Tolman is of a never-before-seen hidden movie viewer, with a bonus clip accessed from said menu, but he wasn't able to get the code to access it working. And so after having rewatched that I thought, well, I should give it a try! And after a while I managed to get it correctly! As it turns out, while it is input from the Time Warner logo screen, you can't do it upon first bootup; after the first attract demo plays is when you can do it, and you'll notice it by the fact that as soon as you start inputting directions during the TWI logo it will stay there on screen. The actual code itself is almost as mentioned in the vid; you need to press down 51 times and then follow it up with the rest (left, right, left, right, up, right, left, right, left), and if successful it'll fade out the logo and send you to the movie viewer. D-pad scrolls through the options, C plays the selected movie and START stops it.
As mentioned in Panda's video, said secret movie is of the game's staff "driving" around in the street, but as it turns out that's not the only hidden movie present, which I show on this vid. One is a similar sort of deal to the previous clip (with the staff driving in their offices instead), and the other is an amusing cutscene that I guess serves as a comedic ending. The rest of the videos on this menu are the ones used in the game itself.
Now, Tolman also mentioned on said interview that the secret F-200 supercar is unlockable through this menu, and that is in fact the case; as he mentions, you press X+Y+Z on the movie viewer, back out to the main menu with B, and then access it as you would if you'd unlocked it normally, by highlighting the F-160 and pressing Z. Excuse my poor skills with it, I'm still not used to its handling. lol
So there it is, a never-before-seen cheat that actually works! Go figure that I do this after he did his followup episode. lol
Published and developed by Time Warner Interactive
Released in 1995