I believe it. One recent New Years day I got up walked out onto the deck and looked down toward the boat ramp and focused more and more carefully on an odd white blob under the water twenty metres off shore. Two arials were sticking up clear of the water.. within minutes people started rushing around on the beach and shouting and a trailer turned up and people swam out and all manner of commotion ensued as one poor soul came to terms with the fact he had anchored his brand new, unused, 22 foot runnabout, outboard, electrix and sundry gear with out screwing in the bungs.
Bungs often happen and I have seen a mate lose his job for failing to return them into there propper place after water blasting the bosses 32 foot Rayglass inboard......
But a brand new 45K Christmas toy......."oh dear, never mind, how sad."