I have a 78 140 that I know little about besides that it checked out with my mechanic and the carbs were just rebuilt back in August. I never ran it after the carbs were rebuilt and was fogging it for winter storage. Then the warning horn went off after less then 5 minutes of running. I noticed a good stream of water from the pee hole and nothing from the exhaust. The heads felt warm but not hot. This was with muffs and a garden hose. The water from the pee hole was warm but not hot also. Any ideas?