Do I Have A Big Problem Now? I Just Started The Car Up To Check A Few Things And When I Was Done I Noticed The Floor Was Wet With Water Below The Tail Pipes. It Hasnt Been Sitting That Long. I Drove It This Morning To Great Lakes Dragaway And Back To Get To The Power Tour. Any Ideas? I Hope Its Not Terminal.

first check oil to make sure coolant isnt getting into the oil,,,if it looks good then= do you have antifreeze in cooling sys or just water,,,if anti freeze leave it sit running a bit get down by exhaust and take a whif if it sicking sweet smell its anitfreeze,,not good if it just smells like reg exhaust leave it run see if it clears up ,,,,but check all fluids first coolant /oil,,,prob just condensation mine spits out quiet a bit after a long run then cools you get condensation,,,

Thanks Again. First Thing Tomorrow I Will Do That. Keeping My Fingers Crossed.

I think you are fine. Water is a by-product of combustion. When your exhaust is cold as it is when you first start it, the water vapor condenses in the pipes like rgearhead stated. This will produce water puddles on the ground. When the exhaust is hot the vapor remains a vapor and you don't see it coming out (except in the winter). This water is the cause for rusty pipes and mufflers (unless you have stainless).

i dont think its a big problem, when my car is on P and i rev it its starts to throw rusted pieces of metal out of the exshaust

Yeah water is fine, and norm.. In fact you want to see water coming out of the tail pipes.. Means you have a good tight ring seal, and a full burn.

The prob comes when its warm outside and you get steam out the pipes (that don't count in the winter time cause the norm vapor can look like stem to some people), or sweet smelling water out the pipes.

I'd say it's fine,on my Camaro there's always a lot of water coming out because of larger diameter pipes and on the 62 Corvette hardly any because of smaller pipes and shorter length.