Had an old 79 Z28 under load, you could hear it spark knock(detonation), detonation has recently replaced the old term spark knock, kinda sounds like a loud ticking sound tic-tic-tic-tic that will rise and fall with engine rpm.
Just so you know... the reason its called detonation is that if your engine draws fuel into the combustion chamber and the fuel/air charge is ignited too early(too early meaning not enough fuel or too much air or too hot air) The fuel and air actually EXPLODE....instead of a more controlled burn. This sudden explosion is called spark knock or detonation, that detonation is what blow the nice little holes in the tops of your piston.
Causes for detonation are many...this is not a complete list... too hot charge temperature from your blower(get an intercooler), excessive spark advance, very low ocatane in fuel, weak fuel supply(blower motor again), screwed up mass air meter.. the list goes on.