1985 Toyota Pickup Water Not Circulating

The thermostat is brand new and has a life time warranty. If I drill a hole in it to release air, won't this destroy the warranty and any future replacements due to failures or problems?

Ok, put the thermostat in hot water (180*) and it opened and closed when removed. The belt is on the right pulley and not on top of it but in it. We started the truck and let it run about 15 mins with the heater turned on full blast (yes, the heater blew hot air and the hose from the water pump to the heater core what hot), we took the cap off the radiator and we manually squeezed the large top radiator hose about 150 times to pump the air that might possibly be in the line. The water in the radiator did not move, like circulate, at all. The large hose is empty, no water moving thru it. The head started getting really hot and the water in the radiator is still cold. There is no pressure in the radiator. IF, like IF there is air in the cooling system, how do we get it out other than the pumping of the hose as we already did? This is crazy.

Dose your thermostat have a bleed hole?
Yes

Have you had the radiator checked?
No but it doesn't leak.

Is the new water pump working?
Yes. According to the person at the place where we bought it, if it is NOT working it will make noise and/or belt will make noise.

Did you test for flow at the heater hose?
The top hose has been removed at the thermostat and nothing comes out. The bottom hose was removed and nothing came out of it. Both were removed separately while the truck was running.
Take it off and start the engine with a hose filling the rad up all the time?
Which heater hose? The one going in or the one going out? Also, what will happen if I get water in the block? How do I get the water out of the block since there is no drain and the anti-freeze will become thin and could freeze or cause the head to overheat because it has more water than anti-freeze?
Today I will try this and let you know.

You helped us fix the problem!
We took the garden hose and ran water thru the heater hose and then thru the radiator. The truck was running while we were doing this and suddenly, bubbles begain coming to the surface of the radiator. The water level kept going down and we kept putting more water in. It bubbled for 15 mins or so before it finally stopped and the water began circulating. Eventually the head was hot, the radiator finally got pressure with the cap on, the heater hose was hot, the thermostat opened. All is working now!
I want to personally thank you for your help and I will highly recommend your site to everyone I know, even the idiots with their backyard advice on how to fix our problem. I will give you an excellent rating. Thank you so very much Mark. You helped so much and I am eternally grateful. I'll be back again if I ever have any more problems. You were a god send. Thank you and thank you again!