Crazy Flamer: Turn off the isolation valve to this (or all) hose bibb now!
Good, now that this is done, you need a new hose bibb, and an unspecified amount of pipe depending on where the pipe split. But since you have the fixture isolated, and you likely will not be watering the lawn this weekend, you can wait until next week to call a plumber during regular work hours.
Most homes these days do have a non-freeze hose bibbs. If installed properly, and operating properly, you should never have to turn off the isolation valve to these hose bibbs.
However, it is still good practice, and super easy for any home owner, to shut these off every fall.
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