that is the turbo boost being 'dumped' when the throttle is
closed. the turbo compresses air into the cylinders, so when
throttle closed, the compressed air is not needed, so it has to be
rid of, so it goes out thru a valve. so it comes out making that
hissing sound. most turboed vehicles make that sound, including
buses and trucks.
so i wonder y zzit so cool on a car, when that sound has been
around for eons.