2000 Lincoln LS 3.9 v-8, I've had the car for about 3 years, bought used, always ran great. I let it sit for about a year with routine start-ups once a month or so. Two weeks ago I was having what felt and seemed like mis-fires as well as strong shaking of the engine as well as the car itself. I than checked the plugs and right away noticed oil in the spark plug wells, all 8 of them had oil in them. worth noting;(two of the wells had evidence of water mixed with oil, in the form of milk-shake color as well as being able to see the water floating atop the oil around those wells.) I than came to the conclusion of replacing the valve cover gaskets, coils & boots, as well as all new plugs. I just finish the job and put the motor back together and went to go start it, and right away noticed thick white smoke from the exhaust, at first I was not to concern because I just got done doing maintenance however after a little bit of acceleration and a few minutes of idle it was getting clearly more thicker and worse until finally the engine just slowly idle down to a stop, I than re started the engine in which again the thick heavy white smoke re appeared and the motor again came to a slow idle in which it stopped. Its worth noting that my exhaust pipes as well as the muffler is a little rusted and there is clear sign of water dripping from the rust spots where rust has made a whole. I moved the car and was astounded to see how much water and what looked like a hint of a rainbow like appearance in mist of the water on the ground. Two questions. Do I have a blown head gasket? Can anyone give me another idea of what to look for as to what it could be?