My new project

Ok so I had about an hour and half of free time today before work so I tried to inspect the exhaust but it's been replaced sometime in the past and is welded all the way up from the tip to the manifold flange so theres no way for me to see into the muffler without cutting it off which I will do as soon as I go buy a cordless sawsall.
So next I checked the oil and seemed ok no water or coolant, and I checked the coolant and seems ok( looked like 100% water) no oil and clear.
I then decided to pull the valve cover and when I started and pulled the air cleaner off I found this.

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