Once I broke the spigot off, I knew it was over. Water started gushing all over the floor, and the only thing I could think to do was try and plug the hole. That was a ridiculous idea, and as the water got deeper and deeper, so did my panic.
Eventually I realized it was futile to try and block the whole, and so I ran out of the flooding bathroom to call an emergency Plumber. They got there just in time to see that my basement had filled with 2 feet of water, which they seemed to think was quite funny.