1994 Honda Accord Lx
Coupe, Lowered 2.2 in the front, 2 in the back
160kmiles

Ok so my car has been overheating for a while actually... but it was weird... like it would cool down when i was driving faster.. anyway...
I got in my car today.. and D4 started blinking....I think what the hell? then I notice my Heat gauge is reading super hot.... I drive a bit more and the Check Engine light comes on (NOOOOOOOO!!!!!) then Smoke starts coming out of my car...
I pop the hood and this is what i see

That cable was initially crazy hot... and Blowing out smoke at a amazing rate... It seems like it melted off or something



Now i am thinking... Hmmm I guess i just stick that cable back in that hole when it stops... Am i right?? What the hell happened??? What is that white container? and whats in it...

I know D4 means something with the transmission right... Any ideas what it could be... I read that it could just be the main relay... can anyone walk me through the install if thats what you think it is? And Why is my car overheatin all crazy??
Thanks guys
-Sun