Ah yes, the classic squeeze. Immediately followed by calls of, "I didn't see you," and, "where did you come from?" Apparently, to the below-average motorist it's inconceivable that, after passing a cyclist, he or she may return to your general area (the 'moronisphere') if you should happen to slow down shortly thereafter. This is why it is often advisable to display a little patience and not pass a cyclist, say, about 100 feet before a stop sign.
But I digress. While still a dick move, the event fell squarely in the realm of 'accident,' and the gentleman seemed apologetic enough. With my safe return home, I considered the prospect of wrapping my hairy leg with tape, and promptly whipped out the razor and got to work.

Though it's not the best picture, you can get a sense of what I did. It's really a pretty wussy wound, but was bleeding enough where it needed to be wrapped (going through town with blood running down my leg was fairly entertaining.) I just did the knee area (which took forever beeteedubs, don't know how girls deal) and it feels pretty good.
So that's my foray into the world of bike-geekdom and leg shaving. I must say, the smoothness is kind of nice.