From 3.8Wiki
The following is a listing of typical abbreviations and phrases used in reference to Bolt-Ons
A/F
Air / Fuel Ratio
ASP
A maker of Underdrive pullies
BBK
A performance company
Butterfly Valve
The throttle body control plate
CAI
Cold Air Induction
CARB #
A serial number that proves compliance with the California Air Resources Board emission regulations.
CAT
Short for Catalytic Converter
CEL
Check Engine Light
Chip
Reference to the Computer chip that controls the operation of the vehicle.
Crossover
Any type of mid-pipe which connects the pipes coming from the cats.
DC
Densecharger (AKA Tunable induction)
Donut
Exhaust flange gasket
Drone
A low frequency sound that usually occurs at a specific RPM while the engine is under load
Dumps
An exhaust setup which does not include cats, mufflers, or any pipes after the headers
EGR
Exhaust Gas Recirculation
Exhaust Flange
A coupler used to connect exhaust system components; usually found on headers-to-midpipe and midpipe-to-catback connections
FIPK
Fuel Injection Performance Kit (Developed by K&N)
Flows
Usually short for Flowmasters
H
A type of exhaust crossover pipe in the shape of an "H"
H/C/I
Short for Heads, Cam and Induction
Harmonic Balancer
Connected to the crankcase to reduce torsional vibration. Seperate from 94-98 V6 crank pulley / integrated on 99-04 V6 crank pulley.
High-Flows
Usually meaning High Flow Catalytic Converters
IAC
Idle Air Control
IAT
Incoming Air Temperature sensor
ID
Inside Diameter
LT
Long Tube Headers
Lower
Lower induction manifold
MAC
A performance company
MAF
Mass Air Flow sensor
Mandrel Bend
A bend in which the diameter of the pipe stays the same throughout
MIL
Malfunction Indicator Lamp
O/D
Overdrive
O/R
Off-Road. Typically used in reference to Off Road Exhaust pieces which are not street-legal
OD
Outside Diameter
ODP
Overdrive Pulley
OEM
Original Equipment Manufacturer
P&P
Port and Polish
P/S
Power Steering
PCV
Positive Crankcase Ventilation
Permatex
A maker of various gasket maker materials/silicones.
Plenum
Another way to say intake
Pre-cats
The first pair of catalytic converters on stock mustangs
R/R
Roller Rocker
RAI
Ram air intake. Refers to a cold air intake that does not extend into the fenderwell.
S/S
Stainless Steel
Secondary cats
The second pair of Catalytic Converters on stock Mustangs
Shorties
Short tube headers
Single Port
Refers to 94-98 V6 Mustangs
Sniffer
Refers to Emissions testing
Snorkel
The stock air box silencer
Split Port
Refers to 99-04 V6 Mustangs
Take-offs
Stock exhaust taken off another car, usually a Mustang GT
TB
Throttle Body
Turn-downs
Exhaust piping turned downward directly after mufflers with no tailpipes
UDP
Underdrive Pulley
Upper
Upper induction manifold
Vert
Convertible
WOT
Wide Open Throttle
Y
A type of exhaust mid-pipe, joining two pipes into one pipe, a second "y" can be used to split the pipes for a "fake"-dual exhaust setup.
X
A type of exhaust crossover pipe in the shape of an "X"