First, this is what audit tables are for. If you know who deleted all the records you can either restrict their database privileges or deal with them from a performance perspective. The last person who did this at my office is currently on probation. If she does it again, she will be let go. You have responsibilites if you have access to production data and ensuring that you cause no harm is one of them. This is a performance problem as much as a technical problem. You will never find a way to prevent people from making dumb mistakes (the database has no way to know if you meant delete table a or delete table a where id = 100 and a confirm will get hit automatically by most people). You can only try to reduce them by making sure the people who run this code are responsible and by putting into place policies to help them remember what to do. Employees who have a pattern of behaving irresponsibly with your busness data (particulaly after they have been given a warning) should be fired.
Others have suggested the kinds of things we do to prevent this from happening. I always embed a select in a delete that I'm running from a query window to make sure it will delete only the records I intend. All our code on production that changes, inserts or deletes data must be enclosed in a transaction. If it is being run manually, you don't run the rollback or commit until you see the number of records affected.
Example of delete with embedded select
delete a
--select a.* from
from table1 a
join table 2 b on a.id = b.id
where b.somefield = 'test'
But even these techniques can't prevent all human error. A developer who doesn't understand the data may run the select and still not understand that it is deleting too many records. Running in a transaction may mean you have other problems when people forget to commit or rollback and lock up the system. Or people may put it in a transaction and still hit commit without thinking just as they would hit confirm on a message box if there was one. The best prevention is to have a way to quickly recover from errors like these. Recovery from an audit log table tends to be faster than from backups. Plus you have the advantage of being able to tell who made the error and exactly which records were affected (maybe you didn't delete the whole table but your where clause was wrong and you deleted a few wrong records.)
For the most part, production data should not be changed on the fly. You should script the change and check it on dev first. Then on prod, all you have to do is run the script with no changes rather than highlighting and running little pieces one at a time. Now inthe real world this isn't always possible as sometimes you are fixing something broken only on prod that needs to be fixed now (for instance when none of your customers can log in because critical data got deleted). In a case like this, you may not have the luxury of reproducing the problem first on dev and then writing the fix. When you have these types of problems, you may need to fix directly on prod and you should have only dbas or database analysts, or configuration managers or others who are normally responsible for data on the prod do the fix not a developer. Developers in general should not have access to prod.