Your right, it is water. My 83 did it at 3000 after I washed the engine. I never cover anything, and what happened was the throttle position switch gets water in it and screws it up. If you need the car to drive, pull that connector off and dry it out. That is very common on the EFI cars. To fix it from happening again, get some RTV, I used black High Temp, and where the boot for that connector is broken, fill the back of it sealing it off with the rtv. It looks good and seals it from happening again. I have not had the problem since. Also do the dist. amplifier connecter, and any others you see, even the injector connectors.
Joshua L.
Joshua L.