Yeah, pretty silly outcome. Ball security matters at all times - a defender could have punched that out the way he was holding it up in space.
I immediately thought of Javon Wims' drop and punching another player, the former Dallas RB who ran out of bounds instead of staying in...Marion Barber, there are so many others. Craig Steltz, Alonzo Spellman, just a neverending fountain of horsefeathers players.