so the other day in my mustang i went to bang 3rd while still roasting the tires in second and when i shifted into 3rd the transmission made a horrible sound and i instantly took it out of gear and let out of the gas and coasted to a stop, i limped the car home not doing more than 1500rpm the whole way. The car will still move in all gears although it makes a loud banging sound that gets faster with higher rpm and its loudest in 3rd and when its in neutral and the clutch pedal is out it still makes the sound, but when the clutch pedal is pushed in, after a couple seconds the banging sound goes away and stops as long as the clutch pedal is in and after just starting it for a brief moment today after i shut it off and got out of the car i noticed smoke coming from the transmission area, which leads me to believe its a clutch/flywheel problem, but having never broken a standard transmission before im not sure.
so, can any of you guys tell me what it might be so i know what to expect when i pull the motor and trans?
thanks!
so, can any of you guys tell me what it might be so i know what to expect when i pull the motor and trans?
thanks!

Yup, common problem.
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