Just a thought from a noob mechanic. Is it possible that the threads are stripped fairly good and that it is allowing fuel/oil to be pushed (under compression) out the stripped thread area on the block?

Yeah, that oil ain't coming from inside the cylinder. You can't have oil coming out the spark plug threads and still get any compression at all. Not to mention if you had that much oil in the chamber it would be burning and you would have black deposits on the plug end.
I sez it's a leaky valve cover![]()
Trust me, I looked for that option... not possible (well maybe with an open end wrench, but definitely not a spark plug socket)
- I commuted with the truck this morning, and I had my wife check the tailpipe on the passenger side for smoke. She didn't see any at all. Maybe if its a valve seal it has to sit for a couple days to get enough oil in there to actually see smoke??