That looks like the line from under the intake manifold to the carbon canister purge solenoid. That's a big vacuum leak if it isn't properly connected or plugged.
Here's how it works...
Charcoal canister plumbing - one 3/8" tube from the bottom of the upper manifold to the rubber hose. Rubber hose connects to one side of the canister solenoid valve. Other side of the solenoid valve connects to one side of the canister. The other side of the canister connects to a rubber hose that connects to a line that goes all the way back to the gas tank. There is an electrical connector coming from the passenger side injector harness near #1 injector that plugs into the canister solenoid valve. It's purpose is to vent the gas tank. The solenoid valve opens at cruse to provide some extra fuel. The canister is normally mounted on the passenger side frame rail near the smog pump pulley.
It does not weigh but a pound or so and helps richen up the cruse mixture. It draws no HP & keeps the car from smelling like gasoline in a closed garage. So with all these good things and no bad ones, why not hook it up & use it?
The purge valve solenoid connector is a dangling wire that is near the ECT sensor and oil filler on the passenger side rocker cover. The actual solenoid valve is down next to the carbon canister. There is about 12"-16" of wire that runs parallel to the canister vent hose that comes off the bottom side of the upper intake manifold. That hose connects one port of the solenoid valve; the other port connects to the carbon canister.
The purge valve solenoid should be available at your local auto parts store.
Purge valve solenoid:
The carbon canister is normally mounted on the passenger side frame rail near the smog pump pulley.
Carbon Canister:
Fuel pump pressure test
Disconnect the larger of the two fuel lines up by the Schrader valve. It is the return line and does not have the Schrader valve on it. Find a piece of rubber fuel hose and clamp it on the return line coming from the regulator. Stick a bolt in the other end of the hose and make sure that all your connections are tight and leak proof as possible. When this powers up, you don't want fuel squirting everywhere. Hook up the fuel pressure test gauge. Turn the ignition switch on and watch for leaks. You may want to use a helper inside the car to cut the switch off quickly if you have a leak. To trick the fuel pump into running, find the ECC
test connector and jump the connector in the Upper RH corner to ground.
Caution!!! You have blocked the return line for the fuel pump! Pressure will rise very quickly past safe levels with a good pump
If the pressure goes up past 55 PSI, the pump is good and the fuel pressure regulator is bad. If the fuel pressure does not hit 55 PSI or more in a few seconds, the pump is bad or you have electrical problems.