Update to this thread...
Well on Sunday July 29th I replaced the pickup coil in the distributor, per 4X4HIGH's instructions.
At this point I was completely clueless about the fact that the rotation of the distributor is what affects engine timing. So I made no reference markings whatsoever and did not even know I should of had a timing light handy.
The truck started but had a rough idle and a "ticking" (or pinging) under acceleration. [timing was off]
I did not know what was happening but figured "screw it I don't have time to deal with this right now because I have to be out of my apartment by midnight on Tuesday" (lease was up).
So all during monday I drove around with the ticking noise and rough idle.
Tuesday comes, and after a shift at work, and a 3 hour class I get home ready to pack up my entire apartment and move down to Denver. The plan was to take everything in one trip...but I had more stuff than I could do in one trip so at 10:30pm I left Boulder with ahlf of my stuff strapped onto my truck.
On the highway there was a loud "BOOM" and my truck stalled....I pulled to the side and tried to look around for what had obviously just exploeded off of my truck -didn't find anything. Truck started up, I made it to denver and dropped off my first load.
On the way back to boulder to pick up the second load I was cruising along at 2500 RPM and all of a sudden :0 RPM

I could not get the truck restarted so I called for a tow. It turns out it was the same tow truck driver that I had pick me up on saturday the 28th (the impetus for this thread). We got to talking and I told him we couldn't haul my truck back to my apartment because the landlord would be by in the morning to check out the apartment and make sure we were gone. So he dropped my truck off at my work parking lot and then me at my apartment. He also loaned me the bag of tools that was in the tow truck because he felt bad for me (I had removed my trucks toolbox so I could load more stuff onto my truck...and the tools were a couple hours drive away).
I had to be at work at 6am

. So between 1:30am and 5:30am my girlfriend and I moved all of my stuff out of my apartment onto the curb and finished cleaning the apartment.
I started walking to work.
At 6:10, as I was walking to work (but obviously not going to get there anytime soon) I called my boss to tell her the situation and the frist thing she said was "you better not be calling in today!"
She picked me up and drove me back to work. She did however give me a 2 hour lunch break and the keys to her jeep so I could shuttle stuff from my apartment curb to my truck.
So now the rest of my worldly possessions are strapped to my broken down truck in my work parking lot

. Vagrants starting circling like vulchers, but one of my coworkers who is into amature wrestling managed to scare them all off.
In between work and school I was able to diagnose that there was no spark coming from the distributor. At this point I decided to bite the bullet and replace the entire distributor. While I was there I also pciked up a timing light and distributor wrench

.
The next day, after working another shift at work, I replaced the distributor and mrk5 talked me through how to set the timing (via cell phone).
By thursday night all of my things were safe and my truck was running great.
CLIFF NOTES: NEWBS, before you mess with the distributor know how to set timing!