http://members.misty.com/don/bulb1.html#wbs Why burnout is sometimes so spectacular
When the filament breaks, an arc sometimes forms. Since the current flowing through the arc is also flowing through the filament at this time, there is a voltage gradient across the two pieces of the filament. This voltage gradient often causes this arc to expand until it is across the entire filament.
Now, consider a slightly nasty characteristic of most electric arcs. If you increase the current going through an arc, it gets hotter, which makes it more conductive. Obviously, this could make things a bit unstable, since the more conductive arc would draw even more current. The arc easily becomes conductive enough that it draws a few hundred amps of current. At this point, the arc often melts the parts of the filament that the ends of the arc are on, and the arc glows with a very bright light blue flash. Most household light bulbs have a built-in fuse, consisting of a thin region in one of the internal wires. The extreme current drawn by a burnout arc often blows this built-in fuse. If not for this fuse, people would frequently suffer blown fuses or tripped circuit breakers from light bulbs burning out.
Although the light bulb's internal fuse will generally protect household fuses and circuit breakers, it may fail to protect the more delicate electronics often found in light dimmers and electronic switching devices from the current surges drawn by "burnout arcs".