"Create a dynamic and sleek logo for a Formula 1 magazine named 'Undercut.' The logo should feature a stylized Formula 1 car racing around a sharp corner, with the word 'Undercut' written in bold, dynamic typography that conveys speed and excitement. Incorporate racing stripes or chequered flags to further emphasize the racing theme. The overall design should capture the adrenaline and excitement of Formula 1 racing."