What I can't figure out is how you know the plugs are soaking wet with fuel if you can't reach them to get them out.
Anyway, It sounds like the engine is throttle body injected, right?
Had that happen to me once. 305 got flooded at a gas station and would not start even with a shot of starting fluid. After screwing around with it for a half hour and pushing it off the fuel island, I managed to get it running by disconnecting the electrical connectors to the injectors cutting off all fuel to the engine and cranking it over till it fired. I then reconnected the injectors then it started and ran fine.
Never did figure out why it did that, but I found a way to start it if it ever happened again which it never did before I sold it (go figure).