engine smell when floored

[02v6auto]

When ever I floor it in my car from first or second gear on and I get up to about 65 - 85 mph and come to a quick stop, I smell something that appears to be coming from the engine/hood. I cannot pin point the smell - it smells almost like burnt motor oil, or transmission fluid- hell it could even be coolant...
ANYONE HAVE ANY IDEAS...

Also when ever I am in tight spaces "driveway-parking lot" and I have to do a lot of forward and reversing I hear a click noise coming from one of my rear wheels. This happends when I press the brake. I am woundering if it might be loose pads-brake calipar- or even maybe a warped rotor...
ANYONE HAVE ANY IDEAS OR SUGGESTIONS TO ETHER ONE OF THESE PROBLEMS. ANYTHING WOULD BE GREATLY APPRECIATED.

 

[96GTstang46]

Well it kinda sounds like a few things maybe...

I would check ALL the brakes if you even have a thought that could be the problem.. you never want to 2nd guess safety over anything or put it off..
But maybe thats also what your smelling after your done floorin it..
Or you could have a small oil leak somewhere and when you jerk the car around on a warm motor, things tend to burn off lol..

SO if you got some time, in my advise,
-Check brakes all around
-Check for brake fluid (anywhere on the car and in the master cyclinder)
-Check for any oil leaks (oil filter, drain plug, gaskets, ect.)
_And if you think its coolant, you need to check the intake manifold lol.. they always go out.. at least on the 4.6 they do..