Last Thursday at 3rd Avenue when I fell off my surfboard, the tension in my leash (stiff spectra line) ripped out the pin from my leash plug.
Instead of replacing the leash plug, I drilled through the rear of the traction pad (1" thick) and ran 2 feet of elastic shock cord (bungee) to prevent tearing of the foam traction pad.
Mike - check out my new "quick release" surfboard leash. See full size picture here.
I hope to test it out Tuesday.