i think I know the problem to this.go over to mach1registry.com and look for TSB's and recalls on the mach's,there is a section there for it.I forgot exactly what it is but its not a bad problem just an annoyance.
There is a TSB listed for the mach that says something like,after the car is started and the ac on,there is a line in the engine bay that I guess preasure rises and causes the line to hit something.I know the fix is very simple,all you need is that foam insulation from like lowes or home depot that I beleive is used for pipes,just put that on and it cushions the line and deadens the sound.The reason I know is because my 04 Mach does this same thing just been too lazy to fix it since its not dangerous for the car.I just can remember what line needs the cushion.
Oh an 00stang you are correct I just didnt read all the posts before I posted.