Go to the ''Build'' menu. Then select ''New Driver'' from the Build Driver screen. Enter the following code at the ''Make License'' screen. Once you have entered the code remember to press down instead of a button. The code will be active as long as the driver with that name is still in the line-up of available racers.
In 2 player mode, you do not need to complete the final lap of a race in order to win. When you pass the finish line to start the last lap of the race, simply turn around and re-cross the line. You will win the race without doing the final lap.