Something is stuck open for it to run at 2k. Like Rock said above it must have both fuel and air to run and at that speed. Pull the air cleaner off and look down all 4 barrels and make certain they arent hung open. You might want to pull the carb off and check so if a foreign object is stuck in the carb throat it does not dislodge and end up inside the engine. Plugs will be wet with fuel because your turning off the igntion at 2000+ rpm and with a carb as long as its spinning the engine is going to draw fuel into the cylinders (injectors shut off with the key) so the fuel puddles in the cylinders and runners since there is no spark to burn it.
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