I also had noticed the water dripping from the tailpipe after I bought my truck. I asked around, and I was told that it is normal it to be dripping water, so I haven't thought much about since.
99 F-150,XLT, Silver, 2WD, 4.2L, 5spd, RegCab, Shrt WB, Styleside.
Current Mods:Billet grille, Line-X bedliner, 5%window tint all the way around, Alpine CD w/2 MTX Subs & Rockford Fosgate 250w amp. K&N Airfilter. Glasspac w/dual exhaust exits out the back.
Future Mods: Superchip, driving lights, & a custom paint job