Honestly I feel you havent 'really' ridden your bike till you have maxed it out a few ways and can control every aspect of it. IE stopping on one wheel and being able to ride a wheelie out for a 1/4 mile on the highway. Then you know how to ride the bike.
Its immature if you are doing it all the time but I guarantee the guys that "know their bike" are that much better at riding them.
I own my bikes, not the other way around.
There are however a few higher end bikes that are not really designed to be ridden that way but for the most part the throw aways can take it all day long.