I agree with Chythar. If you're boiling over like that, either the stat isn't opening (air buble, bad stat, ...) or the system isn't holding pressure (leak somewhere). See if you can rent a coolant system pressure tester from a local parts store. These can pressurize your coolant system to operating pressure wile the engine is off (I'm not sure what it is from a Mustang, 14 psi?), then you can check to see if it hold pressure, or if you can see/hear a leak somewhere. Leaks could come from a loose or cracked hose, a bad stat housing gasket, cracked radiator, or worst case a bad head gasket. The really small leaks are the most difficult to find since they don't puke coolant like the big leaks do, and some of them only open up when the engine is warm. I hope it's something simple and easy to find.
Also, make sure your electric fans are running properly. This shouldn't be an issue when driving down the road, but it could be during an extended idle or long up hill driving with the A/C on.