Cool, thanks!
I went by the pool store and found an "underwater vinyl repair kit". It contains 2oz of glue that is supposed to work underwater as you described, but the patch they provided is a very thin piece of transparent plastic sheeting. I think I'll go back to the store and see if I can find a piece of actual liner instead.
Thanks for the encouragement in that it can be sucessfully repaired! I was pretty bummed last night thinking that I would have to drain the pool at a minimum or maybe even replace the entire liner.
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