Just dumped all my tranny fluid!

Yes, seal holds back drops, until it comes OUT of the pump, then it DUMPS fluid.

I was trying to be gentle!

Kinda sounds like the bushing came loose and half welded itself to the convertor snout and spun in the pump housing. Hope I am wrong!! But when that much fluid comes out that fast it is not a seal. Maybe like RRR said the vent is plugged and it is pushing past the seal. I would be prepared for more of the worst though.