Just found another guy with similar issue. (not sure on details or which car).
But his would start if he held down the gas pedal (which on some cars goes into "clear flood mode")

On carburated cars if you flooded the engine the trick was to hold the gas pedal down to let air in to help burn the extra fuel. But on a fuel injected car if you press to full throttle the injectors go to full flow. So they programmed some cars to cut off the injectors at full throttle (IF THERE IS A "CRANK" SIGNAL. Starter motor is turning). I am not sure if Honda does this. Or if it even existed in those days (late 80's).

ANYWAYS. This guy says it was his coolant temp sensor.

Isn't that wierd.... you get a coolant temp sensor code and it actually means there is something wrong with your coolant temp sensor.... this is unheard of. ha ha ha. I have never had a trouble code actually lead me to the real problem before.. usually its just a hint.

hopefully its true. we will see this afternoon.