A/C compressor had frozen up and threw the belt. Hunted down a used compressor from a junkyard on the east coast and got it for $100.
Spent saturday pulling the dead one out and putting the used one in. Tested the system for leaks and then added the good old Freon to it.
Presto! It worked like a champ. Getting the monster belt back on it proved to be quite a pain but it went back on.