mocp segfault with cwd=null when parsing files

I have a folder containing a bunch of mp3's, and a .m3u file with the playlist in it, then there seems to be a random (empty) .txt file in the folder.

If I invoke moc with 'mocp *' (I know this is probably bad to do, but I was lazy), it segfaults, with the following backtrace. You can see that cwd is 0x0, and that is what is being passed to strcpy. If I remove the .txt file and invoke 'mocp *' again it does not segfault, interestingly enough. Let me know if I can get more context via the debugger for you. I realize I am being a 'dumb user' by doing 'mocp *', but the app probably shouldn't crash.

I am using Gentoo's version of mocp, compiled from 2.5.0_alpha4_p20120501-r1, which I assume is a checkout of the alpha4 from the date specified (I'm not the maintainer). There are other 2.5.0_alpha4 packages available but I figured I'd use the latest one available to me in case the bug had been fixed.

Program received signal SIGSEGV, Segmentation fault.
(gdb) bt
#0 0x00007ffff697eeb6 in __strcpy_ssse3 () from /lib64/libc.so.6
#1 0x00000000004367ef in make_path (buf=0x7fffffff8710 "", buf_size=8192, cwd=0
x0, path=0x75d020 "01_born_under_punches_(the_heat_goes_on).mp3") at playlis
t_file.c:54
#2 0x0000000000436b71 in plist_load_m3u (plist=0x6ff600, fname=0x7fffffffa7f0 "
/home/dave/Talking Heads - Remain In Light/album.m3u", cwd=0x0, load_serial=0) at pl
aylist_file.c:154
#3 0x0000000000437502 in plist_load (plist=0x6ff600, fname=0x7fffffffa7f0 "/hom
e/dave/Talking Heads - Remain In Light/album.m3u", cwd=0x0, load_serial=0) at playli
st_file.c:408
#4 0x000000000041f23c in process_args (args=0x6fe140) at interface.c:1546
#5 0x00000000004229dc in init_interface (sock=12, logging=0, args=0x6fe140) at
interface.c:3444
#6 0x0000000000413864 in start_moc (params=0x7fffffffd900, args=0x6fe140) at ma
in.c:205
#7 0x0000000000414bbf in main (argc=3, argv=0x7fffffffda98) at main.c:842