I was actually talking to my spouse about the absolute importance of tightening a collet, especially when a 1/2" endmill is the occupant.I don't remember much after that--I must have fallen asleep mid-tighten.
When I hit the Run button and the machine started moving toward the start of the roughing pass, I realized I had forgotten ear protection, and was in the midst of putting them on when the steppers just started making all kinds of blood-curdling wailings. It wasn't five seconds into the cut when I hit the E-stop--but it was enough.
The endmill was buried in the oak plank, well below 1/2" even though the pass-depth was set at 0.1", and immovable. I was able to loosen the collet nut just enough to jog the spindle up off the cutter, but only just.Next came 2 hours of pounding on wrenches to actually free the collet nut from the spindle. In the end I used a chain wrench between the box ends of two wrenches to "influence" them towards each other, one silly micro-degree at a time. The final 20 minutes were spent hammering them towards each other, ripping of some threads and folding others flat.
I post a picture of "My Stuff". This was after I got the Bright Idea that--perhaps--I could grind off the ruined threads enough to get a nut on; it shows evidence of at least one of the flattened threads and of the grinding. (I ran the spindle at its lowest end, M3 S1200, and just set the grinding wheel of an unpowered grinder in contact with it.)
Before I completely followed through on that idea, it dawned on me that a) the spindle shaft had taken a pretty good lick in order for the nut to weld itself to the threads, and as a result might not be quite plumb, and b) both the length of the shaft and the number of threads might be the result of actual computations, and could only be changed at one's peril.
After a brief search showed near-exact replacements[1] could be found for a few hundreds, I re-assessed the worthiness of my task--and dropped it. Surprisingly, a spindle ordered from ebay on Sunday evening arrived Tuesday afternoon. What should have taken 15 minutes took a couple of hours, but the machine is back up and cutting. (And I am pondering the value of keeping a hot-spare lying around.)
[1] Although spindles look identical, manufacturers maintain different favorites for electrical connectors which, really, ought to have been standardized by now...