Mean Green
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I sure hope not, but perhaps a leak in the intake manifold gasket. When I cranked it tonight and left it running while checking the injectors tonight I noticed what appeared to be a lot of smoke coming out of the tailpipes, but it was white and I believe it was steam based on the amount of water coming out of the tailpipe. It dropped about a 3" diameter puddle on the ground in about 5 minutes, and had a very slow drip, but a drip none the less, after I cut it off. The smoke nor the water on the ground smelled anything like coolant though, and it has mostly good new coolant in it.
Not good. Was it damp outside? Or cold? Condensation is normal, but the amount of water left on the ground you described is not. Your deffinatly going to want to moniter your coolant levels, and check for any water in your oil. Could very well be a intake or head gasket on it's way out. A compression test may not be a bad idea to rule that out if possible. Also, I may have missed this earlier, but have you checked the pick-up coil in the distributer? That can cause all kinds of weird idle related problems, and the87-94 TBI pick up coils in the distributers are very prone to cracking and causing problems!