Guess again. The cable could break at floor 84, and the elevator car could travel through the next 50 floors, and not slow it’s descent until the 34th floor, at which point, given ten vertical feet per floor, it would still have a total stopping distance of nearly 200 feet, or 2/3 (66%) of a football field.

So, 500 feet of freefall is still substantial. That puts the situation on par with a bungee jump.