There are quite a few ways.
Some break the rear end loose with the handbrake. This is especially common for those that drift with FWD cars; something that is hard to do but still possible.
With RWD cars, you can also break the rear end loose with sheer torque using whatever combination of engine power and downshifting is required.
With any car, you can also “inertial drift”, but that is the hardest to do. @Donald_Trump sort of describes it, but is apparently unaware of a way that requires less speed. It’s a little maneuver called the Scandinavian Flick which involves quickly steering counter to the turn (flick the wheel to the left if entering a right-hand turn and vice versa) in order to get the proper weight shift, then cutting the wheel back in the correct direction. Done properly, this will cause the rear tires to exceed their lateral grip and send you into a spin which you control with countersteer (back to turning left to go right).
In a RWD or rear-biased AWD car, your rate of rotation is controlled by your right foot. Too much gas and your drift will turn into a spin while too little will let the rear tires regain traction and possibly send the car rotating the other way if you don’t stop counter-steering. In other words, if you have the wheel cut to the right in a left-hand turn as you drift and the rear tires grab, the car will turn right even though the road is going left. I think you can see the problem there. With an AWD one that is equal- or front-biased, it’s harder to pull off, and with a FWD car, the pedal behaves completely differently.
You can do the same thing a lot easier on dirt. Personally, I spent much of my life in New England, so what you call “drifting”, I call “commuting in the winter months”. In fact, I recommend practicing in the dirt.
As for your Camaro, I would say not. Too high, too much body roll, too softly sprung, and a bit heavy. Not impossible, but there is a reason most drifters you see drive compacts like the infamous Hachi-Roku