I was replacing the water pump on my Jeep Cherokee inline 6 (it lasted five years) and as I removed the last bolt I twisted the head right off. I got the pump off, but now I was faced with a stud sticking about 3/8" out of the front of the block. I tried all my tricks, like vice grips, and sawing a slot in the end for a screwdriver, and putting a torch on the stud, but nothing worked. Then I remembered reading a Lincoln manual from the 1940's that talked about welding a nut onto the end of a broken bolt. So I got an oversize nut, and used the mig to tack it onto the end of the stud, and then weld it on solidly. It wound right out with a wrench. I'm sure the heat from the welding helped loosen the stud also. Anyway, I was really glad to own a welder.
I was a little worried about frying the engine computer, but I took the ground cable off the battery before I welded, and the car ran fine when I was done.
Dave