im not sure if you're the same person where someone thought you were smoking your belt. if so, did you look at that?
obviously don't run it if its overheating. you still shouldnt smell burning even if you overheat. do you have enough oil? oil pressure? blocked exhaust? thermostat? leaking coolant overflow tank?
need more hints. what does it smell like? oil or coolant? electrical or rubber?
this is purely a guess, but maybe you have air in the cooling system which is common. this stops the movement of coolant and it boils, and the pressure pushes all the coolant out of the overflow. the coolant leaks down over the exhaust and quickly burns off. this of course assumes you have some in the tank. the engine quickly overheats.