its a bad bearing in an idler pulley or the tensioner pulley. How many miles? Really every 100K you should do belt, idler pulleys, and the belt tensioner itself. Especially on a Ford. GM uses 2 belts, the 2nd belt is for the AC compressor alone and with electric fans the main belt doesn't have too big a load either. My explorer makes me nervous having everything including a clutch fan on one belt, bad combo!