Robbie,
Well, I'm trying to steer you wrong. I thought for sure I remembered LH threads, but they're RH. That ring/washer you see is actually an integrated part of the bolt that you're trying to unscrew.
Possible solution: The threads are the same as the throw-away valve stem nuts. Take two of those, jam them together on your bolt, and remove with vise-grips
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Last edited by Ex Pres; 09-22-11 at 07:44 PM.