Stuck a wooden arrow through my jacket sleeve once with a compound, 80# 65% let off Oregon bow built in the 80's. Woods don't splinter the same way that carbons do, but the end result isn't far from the same.
Worst part in my mind, since I didn't end up getting injured, is "what the F did I just do to my bow?". Arrow failures aren't too different than dry-firing your bow, and then say it catches your hand or jacket like they always do, what does that do in terms of limb and riser torque as the bow slams to a halt as the arrow stops?
For what it's worth, why risk it? Stick some flu-flu fletches on a carbon or aluminum shaft and be done with it. I shoot carbon flu-flu's, the few times a year that I do it, 6 vanes on GT XT 7595's, with my bow turned down to about 58lbs.