Probably condensation built up in the exhaust. Check you coolant level if you are worried and if it doesn't drop then that's what it probably is.
Should I be worried
Just bought my first 1966 mustang and was wondering if i should worry about the liquid coming out of the exhaust when i give her a full rev. It dosen't smell like anything. i believe its water. Let me know if this is a red flag. thanks to all who reply
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