Alright when I get back out there I will give that a try. Thanks again i appreciate the help.
So I did everything you said...Unplugged the ICP sensor and cranked, no white smoke. Plugged it back in and still the same thing. I decided to go and try jumping the truck on the starter solenoid and it actually started up. I let the truck warm up and gave it a little drive. It ran perfect and smooth for about 5 minutes, then all the sudden the RPM's dropped and it was dead again. Couldn't get it started again even by jumping the solenoid. I checked the fuel bowl again just to make sure and it had fuel in it.
I am more so leaning towards the CPS now. Does this sound right? And if I am correct this is recalled by Ford on these trucks, so I think I'll have the truck pulled to the nearest dealer and have them replace it. If the CPS is the problem, it will be fixed. If it is not the problem, then I need some more help