The accident happened in Brandon, Florida, when the Ferrari driver allegedly decided that the yellow paint on the ground didn't apply to him (investigation still pending...). When he went to pass another car, he found a Ford pickup heading straight for his front bumper. The F-150 didn't stop at the low-lying nose and ended up with its left-front tire on the hood of the 458. Fortunately, it appears that no serious injuries resulted.
If you want to see the aftermath of a failed attempt at Ferrari F150 construction, all you have to do is click past the jump. Thanks for the tip, Michael!