Fixed using a preprocessor just looking for --no-plugins in the ARGV array using slop. Dirty and effective fix.

Took out the trash from the dev process

lib/pry/cli.rb

@@ -84,7 +84,15 @@ end
 exec_string = ""
 
 # Bring in options defined by plugins
-Pry::CLI.add_plugin_options
+Slop.new do
+  on "no-plugins" do
+    Pry.config.should_load_plugins = false
+  end
+end.parse(ARGV.dup)
+
+if Pry.config.should_load_plugins
+  Pry::CLI.add_plugin_options 
+end
 
 # The default Pry command line options (before plugin options are included)
 Pry::CLI.add_options do
@@ -179,7 +187,10 @@ end.process_options do |opts|
     exit
   end
 
+  if Pry.config.should_load_plugins
+    parser = Slop.new
+  end
+
   # Start the session (running any code passed with -e, if there is any)
   Pry.start(context, :input => StringIO.new(exec_string))
 end
-