Hook the alligators to the battery, hook the clamp around plug wire #1, pull the Spout connector near the intake, start it, and point it at the crank dampener.
This is correct but its missing a few key points.
Hook up the alligators to the battery if it comes with it, some have batteries.
There is a funky clamp that looks like it goes around a spark plug wire- put it as close as you can to the #1 spark plug on the wire.
If you know its out of timing, take a distributor wrench and loosen the dogbone on the distributor slightly so you can rotate it.
Mark the harmonic balancer where there is a notch with a white paint pen or white out- along with the preferred timing mark(it varies for vehicles, look it up and mark it at the appropriate spot on the timing plate(above the harmonic balancer))
Disconnect the vacuum line going from the carb to the distributor and CAP OFF the carb side of the vacuum so you dont have a vacuum leak.
Start vehicle, hold light so you can see the timing mark, and turn the light on.
If the mark on the balancer lines up with the mark on the timing plate-you are good-put it all back together.
If the mark is off, have a friend rotate the distributor slowly untill it lines up perfectly.
Turn off the car, tighten the dogbone bolt for the distributor(dont rotate the distributor or it will go out of timing).
Put everything else back together.
A few hints-
If the car runs worse, you set it at the wrong timing mark.
If you turn the car off, and turn it back on and its off timing again, you disconnected the wrong vacuum line.
A few of the later style carb engines(84 vette) have a wire that you disconnect instead of a vacuum line. Make sure you know which wire it is.