What? What do you mean baiting people? Just kidding!
The way to handle it is not to engage in it. It's hard to argue with ones self! If no one is biting the bait then there is nothing to fight about!
Italian food
Ford Muscle cars
Heavy Metal music
All that other stuff is important to I guess;)
Go to the DMV and file for a loss of title, they will explain it from there!
Before replacing the flasher check all the light bulbs that are supposed to blink. A blown light bulb will cause that problem also! A blinking bulb has two elements in it, if the one that is supposed to blink is blown it may cause the problem you describe!
Your local DMV should be able to confirm or deny weather or not it is HOT or if there are any liens on it. To decode the vin the best place to call is "Mustang Country" at 562-633-2393.
Sounds like a vacum leak, have someone step on the brake while you pop the hood and listen for it. You should be able to find it easy. Once found, plug the vac line back in, problem solved.
good luck