My buddy's Valkyrie started leaking from the weep hole when his diaphragm
went bad like this:

The PO of his bike knew about it, and had "fixed" it like this:

Since the gas couldn't drip out at the weep hole, it filled up the petcock body
and ran down the vacuum hose to carb #6... I'm glad he didn't get a
hydrolock before we fixed it, but it did shoot raw gas out of the end of the mufflers and
from the holes in the bottoms of the mufflers (where condensation drips out) when
he started it.
-Mike