Did you check for compression? ( all cylinders?)
Air - Should be getting it....
Fuel - Sounds like it is wetting the plugs
Spark - Are you getting a good spark with the plug wire pulled off the Ign module? (have your buddy hold on to check)
Compression - If you don't have a compression gauge, remove all spark plugs, stuff a wad of paper towel into the spark plug hole.( use common sense here, make sure you don't stick it all theway into the combustion chamber.) bump the motor. All paper towel plugs should pop out like a champaigne cork.
If you are getting all four, then it sounds lke there is a timing problem...
Isn't there a big arse engine fuse under the hood? Check that too....