OK - first thing we need to do is find the plug (from the wiring harness) that connected to the original oxygen sensor.
Next... go to Radio Shack and buy the following two items:
47 ohm 1/2W 5% Carbon Film Resistor pk/5 - RadioShack.com (47-ohm resistor 5-pack... you only need ONE of these)
1.5K ohm 1/2W 5% Carbon Film Resistor pk/5 - RadioShack.com (1.5K resistor 5-pack... you only need ONE of these)
Select ONE resistor from each pack. Wrap a strip of masking tape around it and write the value of the resistor on the tape so you don't have to think about the color-code bands painted on the resistor (I hate peering).
For reference, the color bands on each of those resistors should be:
47 ohms = yellow - violet - black - gold
1.5K = brown - orange - red - gold
(or you can doublecheck 'em with a multimeter set to resistance)
Ok, now... connect the two resistors together - one lead each - and connect a short (12" -> 24") pigtail wire to that connection. That wire should be any color except red and black. Yellow is good, or blue, or orange, anything but red and black.
Connect a RED wire to the other lead of the 1.5K resistor (do NOT MAKE A MISTAKE HERE - connect it to the 47-ohm resistor and you risk blowing all the smoke out of your computer).
Connect a BLACK wire to the other lead of the 47-ohm resistor.
To recap... your wires should be
RED
|
1.5K ohms
|
|- YELLOW (or blue, or whatever)
|
47 ohms
|
BLACK
Cool? Cool.
Find a good ground someplace on the motor. Securely SECURELY connect the BLACK wire to that ground.
Connect the RED wire to the (+) terminal on the battery.
With your multimeter, verify that the voltage on the YELLOW wire is now between 0.35V and 0.5V. It'll vary a little, depending on the battery voltage, but it should be pretty close.
If that voltage is right, we're ready - connect the YELLOW wire to the oxygen sensor's harness plug. You've just simulated an oxygen sensor in a near-perfect neutral (ideal) fuel mix environment. Start the engine and let it warm up. When it's up to temperature, the computer will believe it's reading the most wondrous marvel of all - a perfect, unchanging fuel mix.
It'll neutralize the carburetor, and you can unplug the carburetor at that point.