My roommate, Matt and I were walking the apartment complex with Kaiju. Matt had the leash and we walked by a neighbor's porch who started up a conversation with us. I wasn't paying attention and Kaiju slipped his collar completely and took off. We turned just in time to see him round a corner. We followed, but couldn't see him anywhere.
Frantic that the worst was about to happen, I ran through the next building looking and calling him to come. After a couple calls, he came prancing around the corner with a bright pink, frilly thong in his mouth/wrapped part way around his head! My dog apparently has way more game than me.