No the plane will not fly off the back of the treadmill. Quoting jackass will do nothing to further your point in a scientific discussion.
Take this scenario. A plane is landing on a runway. This is essentially the same as the above posters scenario where a plane is on a treadmill that is instantly acccerlerated to 150 mph, if you simply consider a different reference frame (ie. relative to each other the plane and the ground are moving past each other at 150 mph, and the plane and the treadmill are also moving past one another at 150 mph). Now, if what you say if true, that the plane would shoot off the end of the treadmill (ie. the relative velocities would fall to zero also instantaneously), then when a plane lands on a runway, it would instantly stop. As we know this is not true.
What anyone who says the plane would not takeoff fails to realize is that the wheels on a plane DO NOT is any way shape or form affect the forward motion (or lack thereof) of the plane. If you draw a physics force diagram of the plane (simply considering horizontal motion), there would be three main forces acting upon it going down the treadmill. Force one, pointing, we will say left, is the engine thrust. Force two, which would point right, is the air resistance. Force three, which would point right, is the frictional force generated by the contact of the wheels on the ground. Now, the frictional force must be very very small compared to the thrust force. Why? The plane can be pulled by docking trucks into gates, so those trucks must be able to overcome the frictional force of the wheels, but those same trucks cannot even come close to accelerating the plane enough to produce the speed required for takeoff, hence, the thrust force is many times greater than the frictional force from the wheels. Now, with no treadmill, the wheels will have a certain frictional force. Obviously, plane overcomes this force and the air resistance to takeoff. Now we put the plane on our giant treadmill. The frictional force will be doubled, since the ground is now moving backwards instead of stationary. However, as stated before, the frictional force is many times smaller than the thrust force, so when doubled it will still be much smaller than the thrust force. Now, the thrust force is the same as without the treadmill, the air resistance is the same, and the tiny frictional force has been doubled. What is the net result when the forces are combined? The net force will be decreased slightly, but there is still a large net force in the direction of the thrust force, hence the plane will accelerate in that direction and takeoff. The only difference is that it might take one or two more meters of runway before takeoff to compensate for the added friction.