Hey Soot Boy... .
Looks to me like the guy who built that exhaust system was too freakin' cheap to buy another 2 feet of pipe!! :-laf :-laf
Only kidding... looks good...
Good thing you don't drive it in winter... . on some of the early new stayle Ford gassers a few years ago, they had the exhaust in front of the tire like yours... in the winter some would get their brakes iced up because the hot exhaust would cause ice/snow melt into the wheel then freeze... not good and something to be aware of.
Jay