bravoman... I believe that's the grounding wire for the ignition points ( the other one by your thumb is for the condensor ). Tough on where you get a new one... I remember it could fray right where it is crimped onto the terminals at either end. If this was long ago, I'd tell you to go to a junkyard and get it from the distributor of a junked car ... but I would think there are no longer a lot of 60's / early 70's cars laying around in yards anymore .... I aslmost say you might have to fabricate one of your own with some wire and terminals from Radio Shack ...