Ultimately Saved by Cranky lady whom ate my catapulted rabbit food!
Also, LPH, ironically the bungee incident is what saved my road bike, my metal child. That bungee had done just as you had described, become part of the hub. I did have a leatherman tool with me (I tend to be over prepared for most things) and it all came out pretty easily in about 5 minutes. What I did NOT know was that a spoke had been affected. After a couple of weeks of riding to work, a wobble developed and I noticed that my wheel had cracked from the pressure on the spoke from the bungee. I took the dang thing to the shop on 9-25 and had to ride my old Specialized Rock Hopper with heavily studded tires on 9-26. It is a VERY slow ride, but on a day when you are going to get hit by an SUV and have your life change in ways you cannot imagine, going fast does not do much to help. That poor specialized is still in police custody and bent in half. I want to get over there and get my components off of it, but it is still protected until court. A couple of my hospital buddies had to do a side deal with the cops to get my keys, cell phone and credit card off the bike. Who would have known that a little grumpy lady who needed a rabbit food shower would be protecting me from certain death? Trippy!