Go to Game Status , hold L1 + R1 
(or L1+R1+L2+R2), to get password screen 
and enter: 

ALBICNIVNI = invincibility 
BLAST_FIRE = rapid fire

Submitted by sonygirl_us@yahoo.com


Enter the password:

GO_MAX_REZ     Ultra-Rez option (This code requires 
               the 4MB RAM expansion pak)
RAPID_FIRE     Rapid Fire (Remove the delay when 
               shooting weapons)
BLAST_FIRE     Super Missiles (Increase the damage
               from missiles)
MORE_SPEED     Faster Cars
GO_RAMMING     Heavier Cars (Increase your car's 
               weight and ramming ability)
QUICK_PLAY     Fast Action (Enable a random fast 
               action arcade feature)
UNDER_FIRE     Attract Enemies (Have three enemies
               attack simultaneously)
GO_SLOW_MO     Slow-Motion Mode
HOME_ALONE     No Enemies in arcade mode
NO_GRAVITY     No Gravity (reduce gravity to the 
               point that your car will almost float
               when a bump is hit)
JACK_IT_UP     High Suspensions
GO_MONSTER     Big Wheels
DRIVE_ONLY     No Wheel Attachment Icons (disable
               wheel attachment icons from spawning)
LONG_MOVIE     View all Ending Sequences (view all 
               endings in one continuous sequence)
MIXES_CARS     Same Cars in multi-player (allows 
               more than one person to select the 
               same car in multi-player mode)

by unknown