Good grief.
Yall are being a little over the top for just a few stripped out threads...
I will be back with some references... but I am sure a fix can be screwed into it with little problem and little money...

start here :

http://www.popularmechanics.com/how_to_central/automotive/1272161.html

Here is one of the best...

http://www.timesert.com/html/drainplug.html