Yes, it does. For anyone. Since 1980, there have only been two seasons of .400+ BABIP, discounting Jhonny Peralta's 60 games this year. Jose Hernandez and Manny Ramirez. It's possible but it'd be kinda crazy.
http://www.fangraphs.com/leaders.aspx?pos=all&stats=bat&lg=all&qual=y&type=8&season=2013&month=0&season1=1980&ind=1&team=0&rost=0&age=0&filter=&players=0&sort=14,d
Can we just take a moment to realize that Barry Bonds hit .328 on a .266 BABIP?