As long as you don't short (touch) the loose hanging speaker cable to the other cable nothing bad will happen. The amp sees the same thing as having no speaker connected at all. The important thing is make sure the speaker wires DON'T touch. Smoke may be the result or a blown fuse if you are lucky.
Owners manuals are very explicit about not doing this for good reason.
Owners manuals are very explicit about not doing this for good reason.