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"All is Lost" For Real:
Sailboat strikes hard object, sinks; Coast Guard rescues man in life raft off Diamond Head

"HONOLULU - A man whose boat sank Tuesday night was rescued in a life raft by the Coast Guard seven miles south of Diamond Head.

The Honolulu Star-Advertiser (Coast Guard rescues man in life raft south of Diamond Head - Hawaii News - Honolulu Star-Advertiser) reports the 41-foot sailing vessel Esperanza struck something, took on water and rapidly sank in 300 feet of water.

A woman friend received a text message from the man at 9:05 p.m. and relayed his plea for help.

The Coast Guard's 45-foot response boat responded. The agency got a signal from the man's Emergency Position Indicating Radio Beacon at 9:26 p.m. and received the precise location at 9:50 p.m.

The man's age and hometown were not released. He told the Coast Guard he had enough to time to send a brief distress call by radio, text his friend and deploy his life raft."
 

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Once known as Hartley18
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Yep, it happens.. and always has:

IIRC (it was a long time ago now), a few decades back a pleasure-cruiser motoring quietly across the Whitsunday Passage on a still dark night was hit by the periscope of a submarine on "exercises" on route to their base in Cairns. His boat went down in less than a minute, but the sub didn't know anything about it until they docked in Cairns and found bits of boat wrapped around the periscope.
 
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