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Probably an underdrive pulley. Cost about $170 and you'll pick up about 10 HP, 8 ft/lbs torque, and about 1 MPG. I just put one on, and I noticed the increase in power.

Plus, that annoying power steering pump whine is a lot less noticable!
 
Just looked up what exactly a UDP was/involved... from my reading it slows the alternator, water pump, power steering, and a/c. Is this a good thing?? I understand the concept, but won't it mess with the performance of those components, some of which I'd say are pretty vita...?

This is a daily driver car, so I don't want to tinker with anything that might degrade my car in the end. Any issues with this change?
 
http://www.miracerros.com/mustang/pulley_tech.htm explains everything about the underdrive. It will slow them down, but everything will still work fine. Unless if you have a large stereo system or for some reason are just concerned with underpowering the car, you can get an 18% overdrive pulley for the altenator and everything will be good. On a 2000, you have to look at the stock balancer to see if it is a 99 or 01-04 style pulley. http://rpm-mustangs.com/cart/product_image.php?imageid=32 look at that image to see which you have. Just look for that larger part on the pulley balancer, if it is there you need a 99-00, if not you need 01-04.