Link: http://lifehacker.com/5462520/remove-a-stripped-screw-with-a-rubber-band

Here's an idea - and it's a good one. Well ok - in my case the screw is so far stripped it's now time to get the drill... but, if you catch it early this just might work.

I'd be curious to know if this really works - cus honestly I enjoy drilling and re-tapping too much to try it.