Police surged into the area from 7pm last night following reports of reckless driving and severe traffic congestion.
Chaotic scenes captured drivers doing burnouts, leading to the closure of part of the renowned strip.
At one stage, a crowd overwhelmed a tow truck, with individuals trying to climb onto it.
The meet allegedly began in Port Melbourne where more than 600 hundred people had gathered before the crowd moved to Chapel Street.
Police said they were aware a large number of people were planning to engage in “intentional high-risk driving activity”.
“Officers issued infringement notices to several drivers who chose to engage in hooning activity,” a police spokesperson said.
“A number of defect notices were also issued in relation to modified vehicles.
“In an effort to disrupt hooning behaviour and assist with traffic congestion on Chapel Street, road closures were implemented for a short time.”
