Smoke From Steering Column

Hey guys, I was testing out my hazard flashers on my 1970 AAR 'Cuda and the hazards would only work with a turn signal on. They were blinking really slowly and then I saw smoke coming out of the steering column and smelled an odor. I then immediately shut them off. Now my turn signals blink extremely fast. Any ideas on what went wrong? I'm going to be keeping a fire extinguisher handy until I can fix it :icon_keel:
Author: ZNormT6