LEAK Helpp pleeaseee

I think it's the speedo cable that's leaking. There is a tiny little rubber seal on the speedo cable that needs to be replaced. But my experience with a leaky old torqueflite is that they leak from a bunch of places and each time you fix one, another will still be leaking. I also see drips forming on the park pawl cover. Which could be traveling from elsewhere.

My advice is to get a seal kit for your year. 1965 torqueflites are unique and different from 66 and up. Try Torqueflite Patty on eBay.
http://stores.ebay.com/TFlite-Pattys-Shop-Mart

Also, getting it clean will serve you well in being able to see where it's leaking.

If you discover the shift cable is leaking, there is an o-ring for that. If the shift cable housing is damaged it will leak there too. I found shrink tubing to be a good fix. Use multiple layers of increasing length.

The o-ring on the dipstick tube is another common leak point.