Well we just bought our first boat two weeks ago, 94 Rinker captiva 170 with a 94 merc 125 outboard. We ran it for about a hour slowly the day after I bought it, but today was our first planned day out with stops. We were out for 4 hours great day boat was running great it was ausum. On the way back to my buddies who was boating with us in his boat-the alarm went off. I didn't hear it at first since we were wot and it got windy. So I finally heard shut her off and first thing I did was fill up the oil but it kept doing the alarm-then I noticed the motor wasn't shooting water out so I got towed back to the landing. So it looks like I need a new water pump but just to make sure tomorrow I am gonna do a back flush, I really hope I didn't do any damage to the motor from not hearing the alarm right away, that is my big fear. Anybody do a water pump on a motor like this? Hopefully I can just get her fixed quick, just a suck ending to a great day.