https://www.youtube.com/watch?v=0f_RqPeMYBk

Enjoy >>> https://www.youtube.com/watch?v=0f_RqPeMYBk

Spoiler Alert
Man From the South is one of my favorite Alfred Hitchcock episodes. I love how deliciously evil Peter Lorre is in that one, especially the eyes! I still heave a sigh of relief when the wife comes in and the lighter doesn't light. She played the game with him, too, because she is missing a few fingers.
Peter should have been in some more of them, like Road Hog (Boris Karloff would have been great as the father of the three boys) and Turn backward.

Thanks, but is seems not. After your reply I decided to look it up. The page is here:
http://www.imdb.com/board/10088692/fullcredits?ref_=tt_cl_sm#cast
Turns out the man counting out the successful lights was also in Escape from Alcatraz, which is where I must have seen him.
Tell me where does it say 'When you're lost you stay that way'?

Is Tyler McVey the one you're thinking of? It's been a while since I've seen it, but I'm pretty sure he was in the 'lighting' scene.

wait for
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Yes, it's call Man From the South based on a Roald Dahl short story. It was an Alfred Hitchcock Presents but you may have seen the remade episode from the 1980's. It's interesting in that it stars Melanie Griffith with her mother Tippi Hedren from Birds and Marnie making a cameo appearance. The man with the lighter is Steven Bauer, the man with the cleaver is actor and director John Huston and his wife with hardly any hand left is Kim Novak from Vertigo. Can't remember who the man counting out the successful lights is, but he looked familiar.
Tell me where does it say 'When you're lost you stay that way'?

Yup right u are. originally from a roald Dahl short story
I think the story is called man from the south.

I believe it originally was a short story by Roald Dahl

And Steve McQueen. Written by Roald Dahl (Charlie and The Chocolate Factory, The B.F.G., Witches)

It was an Alfred Hitchcock episode with Peter Lorre.
So, to sum it up in legal terminology: Get lost, you bum.

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SPOILER
I've also seen this (loosely based) in the 1990 episode of Tales From the Crypt, called "Cutting Cards". It starred Lance Henriksen and Kevin Tighe as two rival high-rolling gamblers (addicts).
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The difference here is that they take turns with the fingers and then move on to limbs and so forth. It ends where they are both playing cards in a mental institution, but they are now reduced to armless, legless torsos playing Russian roulette.

I watched this a couple days ago, On Tales Of The Unexpected

As I recall, this was a story that was done on Alfred Hitchcock presents.

Non illegitimi carborundum est.

That was done (attempted) in the movie "Four Rooms" with Quentin Tarantino,Bruce Willis,Tim Roth and a couple other guys and a bet involved.
Illigitimi non Carborundum

Sounds like Cat's Eye

The story have been done 3 times on tv. Look here:
http://en.wikipedia.org/wiki/Man_from_the_South