Catalytic Converter going bad?...what do you think*video*

get under there when the exhaust is warm and wack on the Cat, you will know if its shot.. if you let it go too long it will damage your o2 sensor.. and might give ya some annoying noise in your mufflers for a while
 
my cat shields were only tac-welded on, they would rattle at low RPM under acceleration or when I held RPM at around 2.5k. Mostly heard it off of curbs (reflecting back). Any way had the re-welded. No more noise.
 
The way to tell if a cat is bad is get a hammer and tap on the cat while the car is off! if you hear rattling around then you know the ceramic is broken. my cats off of my bassani exhaust went last year. The covers also were rattling around.