Hotlinking is in no way like stealing a bike/car etc.
I'm financially at a loss, inconvenienced due to my site going offline because of limit exceeding, whilst someone has used my image, and my bandwidth with no consideration for me, and for free. There are also many cases of people using other's images for gain (re-selling someone elses web-templates being the main offender..) without royalty or consent.
Hmm.. yeah, nothing like it at all.