The drivers race so fast. Others are left behind while other racers drop out of the race because their car rolled over or burst into flames. This is the world of Formula one. The name Formula One is derived from the fact all the competing racers must ensure that their race cars adhere to a certain criteria as set by the Grand Prix.
The reason why the sport is called "Formula" One is rooted in history. Pioneer motor racing placed no limitations on the size or power of the competing cars. With technological advances, this free-for-all quickly made for ludicrously dangerous conditions — especially as the early races were fought out on public roads.