I think this has been one of the most requested videos ever. I think if you spend any time at all repairing vehicles, you will eventually run into this problem. There are many different ways of dealing with it and I cover most of those in this video. The focus however, is on drilling and tapping out the broken fastener. Yes, there are other methods that are not demonstrated in this video, and I may make videos specifically on those methods at some point in the future. One method I forgot to mention was welding something onto the broken fastener so that you could turn it out. I meant to mention that, but forgot. For now, I think this will help you if you find yourself dealing with a broken fastener. I wish you luck no matter what method you choose.
Another option mentioned in the comments is left handed drill bits. They also have these with a special remover built into the bit. This is something I haven't used in the past and I don't currently own a set, but many have stated that it is another option for removing broken fasteners. There's a link below to these tools.
Lots of links for you with this one.
Using a Torch: http://www.youtube.com/watch?v=LPlndTrPK6A
This is where the engine cam from: http://www.youtube.com/watch?v=8EawfCXRxXg
Angle Drill (pneumatic): http://www.jbtoolsales.com/performance-tool-m649-3-8-heavy-duty-angle-drill/#oid=1002_1
Angle Drill (electric): http://www.jbtoolsales.com/dewalt-dw160v-3-8-vsr-right-angle-drill/#oid=1002_1
Left Handed Drill Bits: http://www.jbtoolsales.com/mountain-55672-5-piece-mountain-left-hand-drill-bit-set/#oid=1002_1
Screw Extractor Set: http://www.jbtoolsales.com/otc-4651-screw-extractor-set/#oid=1002_1
Broken Spark Plug Remover: http://www.jbtoolsales.com/lisle-65600-broken-spark-plug-remover-set-for-ford-triton-5-4l/#oid=1002_1
Bolt gauge: http://www.ebay.com/itm/like/370711336405?lpid=82
Tap and Die Set: http://www.jbtoolsales.com/gearwrench-3887-75-piece-tap-and-die-drive-tool-set-sae-metric/#oid=1002_1
Tap sockets: http://www.jbtoolsales.com/irwin-3095001a-adjustable-tap-socket-small/#oid=1002_1
Center punch: http://www.jbtoolsales.com/lisle-30280-automatic-center-punch-5-1-2-long/#oid=1002_1
Drill Bits: http://www.jbtoolsales.com/buffalo-tools-ps07535-titanium-drill-bit-set/#oid=1002_1
Drill bit sharpener: http://www.jbtoolsales.com/drill-doctor-350x-drill-bit-sharpener/#oid=1002_1
Punch set: http://www.jbtoolsales.com/performance-tool-w750-7-pc-chisel-punch-set/#oid=1002_1
Vice Grips: http://www.jbtoolsales.com/irwin-37-pliers-locking-2pc-10wrench-5wrench/#oid=1002_1
Safety glasses: http://www.jbtoolsales.com/sas-safety-5341-nsx-cricket-safety-glasses-black-frame/#oid=1002_1
Easy outs: http://www.jbtoolsales.com/otc-4651-screw-extractor-set/#oid=1002_1
Easy out drill bits: http://www.zorotools.com/g/00065862/k-G2602731?utm_source=google_shopping&utm_medium=cpc&utm_campaign=Google_Shopping_Feed&kw=%7Bkeyword%7D&gclid=CNPKiea6nrwCFY1cMgodVjwAkw
Discussion about this video: http://www.ericthecarguy.com/forum/18-The-EricTheCarGuy-Video-Forum/49344-removing-broken-fasteners#87001
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Due to factors beyond the control of EricTheCarGuy, it cannot guarantee against unauthorized modifications of this information, or improper use of this information. EricTheCarGuy assumes no liability for property damage or injury incurred as a result of any of the information contained in this video. EricTheCarGuy recommends safe practices when working with power tools, automotive lifts, lifting tools, jack stands, electrical equipment, blunt instruments, chemicals, lubricants, or any other tools or equipment seen or implied in this video. Due to factors beyond the control of EricTheCarGuy, no information contained in this video shall create any express or implied warranty or guarantee of any particular result. Any injury, damage or loss that may result from improper use of these tools, equipment, or the information contained in this video is the sole responsibility of the user and not EricTheCarGuy.