We bought a boat recently. Ran great at the test run with the previous owner. Get it out Saturday runs great. Get it out Sunday and go to get up to speed (runs around 40mph) and can't get above 2200 rpms, about 5-7 minutes of running WOT at 2200 rpms and then it opens up finally and get up to about 35mph with four people on board and high chop, I figured that was pretty good. Get to the side of the lake to get the tube out and can't get it above 2200 rpms. Try and tool around a bit to get it up to plane and nothing. We get over to the shallows to at least be able to swim and I notice that a lot of fuel is spilling out into the water. We also has a full tank on the boat (15 gal) and was down half a tank in just that little bit. Turn the motor off and couldn't get it started for a bit (probably flooded). Get it home and pull the plugs. All are a little dark, but only one was wet. Thinking coil perhaps? Anyone have some ideas?