Rode to work today, bike felt fine and everything went normal. When I pulled into my parking space I smelled a strong odor of solder, looked back and there was a shit ton of smoke coming from inside the trunk where the R/R is located. One of the wires between the subframe and the R/R was down to bare metal and was glowing orange. I slowly poured about a gallon of water on it because I didn't know what else to do... luckily that seems to have stopped the smoking... WTF?

Does anyone have any ideas? I have an 05 750
Edit:
Pulled the tail off. The R/R burned up I guess, the part in between the subframe and the R/R itself where there is glue or RTV or whatever that staking/filling material is all jacked up...
pps - for anyone's future reference that would be called potting compound