Ouch. My worst two drilling accidents, one, I was running an inch and an eighth nail-biter bit through a top plate and hit a wad of nails, next thing I know I am hanging 2 feet off the ground from the drill that bound and wrapped me into the studs.
Second was drilling a 4 by 4 cover plate for a box... Didn't have a vice handy so I decided to hold it in my hand. When the drill bit grabbed, it spun that steel plate in my hand, turning it into a food processor... the food being the meat in my hand.
Hole Hawgs with the torque clutch are good, I prefer to use a cheap drill that does not have enough torque to break my wrist should it jam. if you are going to drill a metal enclosure with a hole saw bit, drill it slow with cutting oil, and deenergize it first.