Hmm, that's not really specific at all. In any case, there are a large number of components that can go out on all air conditioning units. Condenser could go out, compressor, the R12/R134A could leak...
Water is a byproduct of air conditioning, as this process removes dampness as well as heat from the air. If water occurs in an unlikely location, look for a leak in the drain hose.
remove the bolts from the stock air box (big black box)the remove it. the hose that connects to the throttle body from that box is where you need to connect the new hose that comes with your new cold...