Originally Posted by crunkfrunk
Wouldn't the point of having locking lug nuts be so someone can't go buy the key from anywhere and take the rims off?
I was told by a friend of mine that if you lose the key the rims have to be either chopped off or somehow get the stud out from the back
Your friend told you wrong. Lug nuts are a very soft alloy, hence why these "keyed" lug removal tools work. They dig into the lug nut so you can take it off.
Another way you can get the "keyed" lug off is with a hammer and chisel. I had to do that once. Just take your time, and put a notch in the lug. Then hit it until it'* loose and you can unscrew it.