The multifunction switch is a common-fail culprit of no headlights. If you had a wiring diagram and a test light you could see if the switch was getting headlight power and even jumper across the switch and manually turn the lights on, but if you don't/can't do that it's most likely the multifunction switch. I ended up paying $45 for one, but it was used and went through the biggest hassle to get the right one.....by the way NEVER buy from www.stangparts.com, horrible service.
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2005 Suzuki Hayabusa GSX1300-R
1980 Ford Thunderbird - 255 V8
ported heads, 5.0L ported stock headers, O.R. H-pipe and Flowmaster 2-chambers, dual roller timing chain
hi-po Mack Truck hood emblem
1985 Mustang GT 5.0L T5, F-303, GT40p, headers, off-road h, flowmasters, MSD stuff, etc.
Sold 02/06/04 
1989 Mustang GT ET: 13.304@102.29 mph (5-24-03)
Sold - 1998 Mustang Cobra coupe, 1/4 mile - street tires: 13.843@103.41 (bone stock)
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