This is not the first such incident - a Britannia Airways (big UK charter airline) crew were all fired cos the captain buzzed his kids' school in a 767 on a ferry flight. They flew by at about 500'.
A mate of mine who is a BA 737-400 captain (ex-Dan Air) based at Heathrow often calls his wife on the mobile. "Honey, I'm lined up on 26 left, see you in a minute." They then take off and he pulls a particularly sharp turn over the house. It's not really a deviation, the standard turn takes place there anyway, but he phones ahead and tightens the turn to show off the the wife and her friends in the back garden. I know it sounds unlikely given the fuss made about mobiles interfering with avionics, but it doesn't seem to have any bad effect. (I know there could be interference but when I ride in the jumpseat I sometimes hear the sound of phones locking onto ground stations like when you're on a normal phone and a mobile is about to ring nearby, usually just before landing - this is caused by phones left switched on in checked bags as they come into range.) I've been in the back garden, spoken to him as they turn onto the runway, and seen the jet roar by a minute or two later, one wing straight up in the air.
As for the AA incident, very cool. I can see the motivation when you live at that airpark - some people literally have private jets in their garage. Sometimes you just gotta show people who's boss, and what better way than with a 777? It even beats Travolta's 707-100. BTW, does Travolta actually keep the 707 at the airpark? I've never been there but I know what it looks like and I doubt the runway's big enough. The taxiways definitely aren't.
fly Saha Air 707s daily from Tehran's downtown Mehrabad to Mashhad, Kish Island and Ahwaz