Heh, well I had a few friends come over... and while I was waiting for them to come over I started taking things apart, took the distrib, alternator, ignition chip, ignition coil, exhaust manifold, valve cover, fuel rail, and a couple other things off.
One of my friends brought a couple tools with him, we tried a few things and then they finally convinced me to attempt to use another "easy out". As you know, I was not really willing to do that again, since my other easy out was still inside.... anyways, we used the easy out and got the threaded part out. Then we used a magnetic tool for about 45 mins switching turns trying to get the old easy out.... out. Finally managed to get it out. I took a shop vac and put it down there, used the magnetic tool again to get any "debris" out and finally fixed it.
The new spark plug fits right in, so the threads on the block are still good!!!
Anyways, thanks for all of your help and ideas