Alright, so I replaced my oil the other day. I randomly did a check only to realize that it's been running low(didn't know, my oil gauge is out). After replacing the oil I heard a slight tick. That tick has been there for a while. But I didn't think much of it.

A cling went of in the engine while accelerating. Then the car died. When I try to start it, everything turns over, and it putts like it's trying to start, and I can see smoke coming from the pipes. And a misfire makes smoke come from the carb

I thought maybe a lifter came off? A friend suggested a oil ring failure? Any more suggestions?

91 camaro rs, 305 carb.