engine sqeak and overheat

[david_12121]

hey guy
so i've veen hearing this squeak for a few days now...it starts when i start the engine but it's not continuous , in stops when i rev it, and when i want to stop for a light or something, it kicks back in
i thought it's just a belt and i slept on it
last night it started smelling like burnt wood in the car and when i parked, it was smoking...it was mostly water vapor but still smelt like burnt stuff

this morning the coolant felt oily (if they don't always do...not sure)
i started it up and it sounded rough...after a few seconds it started this BAD squeak from the front of the engine...i turned it off immediately(my friend was standing in front of it and he said the belts slowed than when the squeak started)

oil is on full...didn't notice any change in it fr 2-3 months now
coolant level was normal too
(and the oil dipstick pops out in case they are related)