A collapsed piston skirt will not leave chunks of metal floating throughout the crankcase. It just means that the 'wall' of the piston, below the wrist pin, generally near the bottom, has a smaller diameter than normal. Why? I dunno. It also means that the engine will likely knock a bit on startup, and as the piston warms up, the knock will go away, and perhaps be imperceptible. The effects take quite a while to cause significant damage to the cylinder wall, as the pistons are aluminum and the bore is cast iron. If you are 'gentle' when it is cold, you can likely make it last a long time before you have to do something. Remedies include new pistons and rings, or knurling the old pistons to restore the cylinder-wall-to-piston clearance.
WTF does comment #4 mean?
tom