• Al la Sheldon
    "If nothing else works, the final resort is the old hacksaw blade trick. Cut the seatpost off so that about 1/2" is left sticking out, then insert a hacksaw blade into the seatpost and carefully cut a slit in the post. This is very laborious, and you run the risk of damaging the frame if you cut too far, but this approach cannot fail. Once you have cut the slit, grab one edge of the cut with a locking plier and roll the seatpost up inside itself and pull it out."

    http://sheldonbrown.com/stuck-seatposts.html

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