Flasher short?

The black wire is power. It's not fused, but comes from the same junction feeding to the ignition switch. Does the red (which goes to the turn switch) show any signs of melting or damage? Only thing I can figure is either the flasher shorted internally to the can and the can carried the short to ground, or else "something" got to the black terminal of the connector. It almost appears that the black side of the connector is partially pulled out?

Don't know, otherwise.