towel trick
Also, towel-trick, towel-tricking

From the popular way to get rid of your XBox 360's red ring of death, the "towel trick" involves putting a towel around your system and leaving it on for 24 hours, forcing it to overheat and thereby frying it. However, it is claimed to get your 360 to work for at least a few more days.

Now, it is also used to describe taking drastic measures to save or fix something.
Man, I got the red ring of death on my 360 the other day: hardware failure! I'm gonna try to towel trick it and see what happens.

Guy1: I can't believe I forgot to do that paper! I'm gonna copy Joe's and hope the Professor doesn't notice...
Guy2: Stop towel-tricking it, man!

Al got his finger chopped off by a saw at work the other day. I heard he towel-tricked it by packing it in ice and running to the emergency room.