I think its time to invest in a new set of plug wires. The terminals have loosened to the point where they are arcing, and it sounds as if the boots have deteriorated to the point where you can see the spark, which means they aren't sealing that good anymore.
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Good luck!
Brad R.
1992 L.X. 5.0 coupe
MODS: A few little bolt ons 
New Best time ...11.60 @ 128 mph @ 2000+ ft altitude.
Rice Haters Club member #39
Users rides #2542
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