You just blew your intake. Don't worry though. It's typical of the 96-97 4.6. Ford has a recall on all the 4.6 96-97 intakes. Take the car to Ford and they should replace it for free. The bad thing about the recall is that they won't enforce it untill after the intake splits or goes bad. I'm just waiting for mine to go. How many miles are on your car? Mine has about 37,000 on it. The intakes USUALLY blow at between 30,000-45,000 miles. Just depends. The problem was that the intakes were torqued down too much and after awhile, especially when you're playing around with the car like you were, they blow according to Ford. I've got a print out of the recall myself that I got from my Ford Dealer. You should be able to get one yourself, too. Get it fixed!
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1996 Mustang GTS
K&N, removed air silencer, 3.55s, turndowns after H-pipe (no mufflers)
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