Three-time NHRA champion Larry Dixon is lucky to be alive after his dragster split in half during a race in Gainesville, Florida, on Saturday.

During the Amalie Motor Oil NHRA Gatornationals drag racing event at the Auto-Plus Raceway, Dixon's vehicle broke apart and was launched more than 20 feet into the air at nearly 300 miles per hour.

Amazingly, Dixon walked away from the huge crash just fine, even waving to the crowd.

Dixon said on "Fox and Friends" this morning that when he watches the video of the scary crash, he's thankful for his safety equipment and the way the car was constructed.

"Believe it or not, it gives you a sense of comfort," Dixon said.

He explained that he was getting close to the finish line when the chassis failed and the front end of the vehicle broke off. It took the steering and the front wings with it.

Dixon said that's like pulling the stick back on an F-18 aircraft, so that's why he was sent flying into the air.

He said he was just hoping to land on the track, so the asphalt could slow the out-of-control dragster down.

Despite the harrowing crash, which was nearly identical to an accident he survived in 2000, Dixon said that he has given no thought to quitting the sport he loves.

"That's what I do. My dad raced Top Fuel cars in the 60s and 70s. And ever since I was a little kid that's all I ever wanted to do," he explained.

"That's my environment, that's my neighborhood. Those are my friends out there. When you get on the race track, you're in competition and you're fighting for the same piece of pie. But after that, it's our neighborhood. In two weeks, our next race is in Charlotte, and we’re definitely planning on being there."

Watch more in the "Fox and Friends" clip above and see video of the frightening crash below.

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