Pulpsmack, I am glad to hear that you and your friend made it out alive!
Here is one of my brushes with a situation like yours:
About 2 years ago I started working as a 'night monitor' at the apartment complex that I live in. I usually would park my car directly underneath a light pole in a dead-end area of the parking lot. There is no way to see the entire parking area, but this spot is the best one possible. Well along comes 2 in the morning and in rolls a station wagon full of 5 hispanic-type gentlemen. I have only been on the job for about a month, so I figure that I will let things play out a bit before I do anything. Sometimes people just come around to a friends house or come home at wierd times. Other times they are looking for a score (car burglary, dumpster diving, etc...).
Anyways, the station wagon drives right past my vehicle and parks about 6 or 7 spots away. My car has a mirror-style tint job and I am surrounded by a bright street light, so they didn't even see me sitting in my car. The '5' roll out of the wagon and begin pulling up their hooded swearshirts and casing the resident cars. I am torn as to what to do when this all starts. They can't leave without passing my position. Recently there had been a rash of strong-arm robberies in the general neighborhood by a group of hispanic males in their early twenties. I dialed 911 and fed the cops the info. They said that they would be there ASAP. Meanwhile, two of them cut the ragtop on a mustang and proceed to rip out a stereo w/ the face plate attached. The other three start working on another car that has a large stash of CD's and a nice head unit in the dash. All is well according to them and time is dragging on as I am sitting there watching this unfold whilst whistling dixie waiting for the cavalry.
Eons tick by and still no fuzz in sight. I call again and get the stall run around from the dispatcher. The ragtop job is done, but the other three have still not finished the other job. The two from the ragtop and a spare from the other job start casing other cars. I can see it happening before they do. They eventually think: 'hey, lets look in the car under the street light!'Three of them roll up to my vehicle unaware that I am sitting inside. Out comes the screw driver and slimjim. They start to insert the slimjim and on goes the surefire light attached to my glock 22. Here they stand slack-jawed looking down the barrel of a gun. There I sit about to soil my drawers. They boogie.
The cops show up 30 seconds later. The cops pick them up coming out of their local residence. The arrest and search yielded the boosted property, some weed & heroin, a few cheap pieces of hardware on them, in the vehicle and in the residence. Turns out that some of the '5' were wanted on felony warrants from armed robberies at the local stop and robs. It wasn't until after I had to id them and fill out the paperwork that my butthole began to un-pucker. Two of the cases have yet to stand trial. G'damned legal system.