Then again, I am not a hacker and I can't afford to spend this much time to find out how to do a very basic simple task like increasing the shutter speed. Ultimately, the instructions were wrong or unclear.
Here's a hint - if you need help with something specific, its usually best to ask for exactly that rather than vent your frustration.
Here's a couple of screen shots from my G10 using version 1.1.0 and 1.2.0 of CHDK. Once set this way, you exit the <ALT> menu and shoot normally. The exposure time will be one minute (I tested both).


Other comments below :
Indeed, it's a hacker community much like XDA. Fortunately, people like you don't have the same bad attitude as they do there 
Some days are better than others.
I don't mind helping with a rewrite as long as I have the time and the info is correct to begin with (garbage in garbage out). But that doesn't seem to be the case here.
Like I said before, much of the documentation is out of date. If you are going to help, being able to ask good questions and puzzle out what the system currently does is the minimal requirement. That's just the way it is.
For example, I was able to find where the Enhanced Photo Operations menu is. You folks decided to use the <ALT> key or aka the print button function to gain access to it. Right off the top, when someone hovers over the <ALT> they should be able to see a link to what this really is. Personally, I never would've referred to the PRINT button as ALT, but whatever.
Its called the "ALT" button because its the button you press to enter the <ALT> mode (or alternative menu mode) that CHDK provides. Many cameras do not have a Print button so different buttons are used. The use lf the word ALT makes the instructions generic once you get the hang of it.
FWIW - there is no "hover" function on a Canon camera keypad so suggesting things that are physically impossible to do is not going to help much.
The instructions on how to enable 1 minute of long exposure doesn't work for me (Revision B). The screen images in the WIKI are not the same as on chdk for the Canon SX50.
See the start of this post (and I assume that rev B refers to the firmware version of your camera 1.00B ? CHDK release version numbering is currently either 1.0.0, 1.1.0, or 1.2.0 )
This DISABLE override layout and all the other Adding a calendar and games to the camera makes me smfh.
People work on what interests them - especially in the early days.
I spent a good two, three hours, playing with the settings, rebooting, reinstalling Stick, copying the firmware last night.
Why in the world did you reinstall Stick? Once you have CHDK loaded on your camera you are done with that step.
Things do not need to be this complicated. I believe keeping things simple is more when it comes to applications and features.
We had somebody posting here a year ago who believed he could provide simple and clear instructions about how to load CHDK. Here's the result :
http://chdk.wikia.com/wiki/CHDK_quick_install_Guide - only somewhat useful for a single camera model and for people using Windows. He didn't come back.