Took the cover off my Crosley air conditioner to find out why the compressor motor was tripping its thermal overload a few seconds after kicking on.
The dual section running capacitor had a strange, twisty, grayish glob coming out of its side. The stuff looked like one of those "snakes" that the kids light on July 4th, but is was very hard and stuck tightly to the capacitor body. Pried it off. Looked like a small hole where it came out.
I assumed that the capacitor had bought the farm and ordered a new one. Ouch! Best price on the Internet was about $70. Is what I described typically what's found when one of these capacitors fails?