No, the bike wasn't stolen. I just needed to take a link out of the chain to make it a little smaller so I could wear it around my waist. I wandered around my school looking for a proper tool and was eventually led to a nice old lady with an oxyacetylene torch (6000 degrees Fahrenheit). I was suprised at how quick she got through it although she did have sparks flying and had to wear a welder's mask.
This makes me wonder if my lock is vulnerable around town to a torch, has anyone had a thief use a torch on their lock or heard of it happening? I'm probably safe around here though because my first bike didn't get stolen for 2 or 3 months when using just a cable, that's before I knew they were so easy to cut, I was misled at the bike shop.