Have you tried again since last evening tmzrwsk?

It sounds like the car is probably getting fuel, because the car did start after you rev'ed her good. I had this problem with a 1977 245. Someone had "installed" a bolt into the combustion chamber. The bolt shaved into pieces and ruined the valve seat. You could start the car and even drive it, but it would stall as soon as you let off the throttle.

Make sure that all of your plugs are sparking, even one cylinder misfiring will cause this problem.

Any continuous operation with a misfire WILL damage the catalytic.

Please post back tmzrwsk, we all enjoy the correspondence!