$10k is not that much $$. One could run through that pretty darn fast. Now make it a cool $1 million to burn through and we are talking!
Assuming we are talking truly burning through it for fun and not for profit or to be a good person then here is my list.
Vegas---big money poker table
NV-Mustang Ranch---only the best.
Rent a NASCAR track for the day and "rent" a stock car to run wide open for as long as you want.
Biggest Badest HD Plasma screen you can find with all the speakers and power you want.
New car....duh! Red, Italian, rare, fast and uninsurable.
Twin Engine aircraft...learn to fly it with a personal teacher.
If there is anything left........Mustang Ranch...