So as it turns out I should count myself lucky that I didn't wake up this morning floating across my bedroom. A water heater caused a valve to burst. The valve was pouring water outside of our building which was mostly running down the driveway to the house next door. Some was making its way back into our basement though. Had all of it been directed into our basement it would have been really bad. As it is, a good chunk of the carpet and carpet padding in my room had to come up.