That seems like an implementation problem. (warning: anecdote ahead:) All sliding chain locks I've used are up at eye level, which would make this much more complicated, if not impossible. That, or they have the hard-bar-over-ball lock, also at eye-level.
Plus, my large hands wouldn't have been able to do that trick. :/
Sliding chain locks which can be defeated with a rubber band... :-) http://www.youtube.com/watch?v=7INIRLe7x0Y&t=60s