Backfiring from exhaust under load

91 mustang lx 5.0 2nd and 3rd wot around 2500 and above can't get out of its on way backfires then launches and back fires again shift to 3rd same thing can smell gas where do I start? Plugs,for, where let me know please thanks
 
There's a few things that can cause this.

First step: Dump codes. I'd also check fuel pressure and perform a smoke test to check for vacuum leaks. A slipped intake gasket can sometimes cause this. I'd do some basic troubleshooting first before firing off the parts cannon
 
Wasn’t a valid test.

Do the koeo and cm codes. Once done, start the engine. The idle should go up, display a 4 or 8 and the start spitting out codes shortly after. A pass is code 11. No codes, or no code 11 and it was not done correctly.
 
Running codes
11
22
44
41
19
Plus KOEO codes 13 and 33


Code 22: BAP sensor
Code 41: O2 sensor indicates lean (i forget which bank)
Code 44 is the air pump, you can ignore this
Code 33 is the EGR. Wont affect how car is running
Code19 is typically set when your idle speed is set about 725.

Code 19 - Engine off - No Vehicle Power (pins 37 + 57) or bad PCM VPWR Diagnosis. This is a wiring problem that is from a bad ECC power relay, bad connection, bad fuse link or a bad computer. The ECC relay is located on top of the computer under the passenger side kick panel. Pull the connector off any fuel injector and measure the voltage on the red wire: if its 12 volts or better, the ECC relay is OK. If the ECC relay is OK, pull the kick panel off and measure the voltage at pins 37 & 57. If it is 12 volts or more, then the computer's diagnostic firmware has taken a dump and is defective.
 
So I'd need to get a new pcm if the firmware is defective correct
These ECU’s are known for the internal capacitors going bad. They can be repaired. Some diyers have been successful at repairing them. I tried but it didn’t work for me. I then sent it in to an exchange service. You send yours in and they either repair it or send you another that’s been repaired. I’ve had good luck with this service. So, “if” it’s your ECU acting up you could consider this path