sounds like a muffler heat shield......
As I was writing this, it occured to me that the sound really sounded like slop in the rear end gears slamming back and forth.
Try chocking the wheels, putting it in neutral, engine off, and twist the drive shaft back and forth hard to see if you hear the noise .

sounds like a muffler heat shield......

Might try doing it a lot harder just to see if it makes the noise.
Can you get it to make the noise at low speed by "blipping" the throttle? In other words, just idling along, and giving briefs spurts of gas and instantly backing off the gas to make the drive train surge back and forth?
If you can, then it becomes more likely that its in the drive train instead of a rattle.

change your u-joints... that's generally when they'll make noise... for under $50 it's cheap insurance to know they're fresh.. or at least try greasing the he!! out of em, if the noise changes, you found it..
that looks like pretty normal pinion slop... to check the joint itself a bit better, do the same thing, but hold the yoke while you try to move the shaft... failure will be an ever so slight movement...
The idea of doing that at slow speeds is to slam the drivetrain back and forth. If its in the drivetrain, not only will that usually show it up, but it may make the noise louder and at a slower speed where someone standing outside as it goes by might tell where its coming from.
However, I thought of another idea.
Put it in park or neutral, foot on the brake, and rev the engine about 1/4 throttle and let the throttle snap shut.
Just dump your foot off the pedal.
Don't wind it up too high, but good revs and then back off suddenly.
If it makes the noise then, odds are its the exhaust somewhere.
If not, then just for fun, if its an automatic, don't remember right now, then open the hood, put it in gear, and keep your foot on the brake.
Give it some gas while someone stands out of the way and watches the engine.
MAKE SURE there is no one in front of it, and its aimed in a safe direction in case the brakes fail.
The engine should twist slightly inside the engine compartment.
Also do it while someone watches the transfer case and transmission from the side.
If you see excessive movement, such as the engine trying to climb out from under the hood, or the transmission jumping around, then your motor mounts are shot or the transmission mounts need replacing and that might be the problem.
40 bucks to who ever finds the damn noise!!!![]()
