The stud mounts to the skid plate. There should be a torque arm extending out from the t'case (probably from the t'case mount area) with a hole in it. The stud sticks through with one of the rubber pieces on top of the torque arm and one below kind of like a stud type shock set up. Washers should back up these rubber pieces (nut, washer, rubber piece, torque arm, rubber piece, washer, stud). These are not squeezed together tight on mine. There is a little play to allow some movement (twisting) of the driveline. My experience is with the '79 and older setup but I would think they would be similar.
Anything is possible if you don't know what you are talking about.