1: Is there fuel in the tank?
2: With engine off, Look down the carb, hit the throttle and see if any fuel skirts into carb.
3: Pull a spark plug, Make sure it's dry, if it's wet, you may be flooded. With the Plug dry, and plug wire attached. Hold it near the block or other grounded metal, and turn engine over. are you getting spark?
4: if you have some spark, you may very well be flooded. Get in hold the throttle Wide ass open, and crank it until it fires up. I flooded my engine one time to the point that it took a good solid minute of cranking to clear out.
5: If plugs are dry, but no spark, follow all wires and check all connects between Plugs, Dist Cap, Coil, Distributor to coil, Distributor to Ignition Module, EVERY WIRE.
If all still fails, you may have a bad Ignition Module. Only way to know for sure is to swap it out. The old Motorcraft Duraspark Modules go out pretty regularly. I'd suggest a Ford TFI coil and GM 4 pin Ignition Module set-up.