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leaking wheel cylinder
it looks like a wheel
4 cylinder or 6 cylinder, 4 wheel drive or 2 wheel drive, need to know what you have cause they are all different. It is a 4 wheel drive, 6 cylinder.
Wheel cylinder stops would keep the wheel cylinder from coming apart.
Could be a bad axle seal Could be a bad brake wheel cylinder Could be a bad brake fluid line
Only other massive internal damage inside the brake drum could cause this. They do tend to wear out due to contaminated fluid or the vehicle being driven through deep puddles and contaminating the cylinder's.
Several things could be the cause. You could have an emergency brake not releasing. You could have a brake hose internally collapsed or a leaking wheel cylinder. A defective grease seal letting grease get on the linings are some possibilities.
You might be out of brake fluid. Our rear wheel cylinder was leaking and ran ours out of fluid and the light came on.
Most likely it's a faulty ignition cylinder.
Tire out of balance is the most likely cause. Can also be a bent wheel.
Master cylinder possible but could also be wheel cylinder problems or warped rotors
If it does infact have a light it should light up somewhere where the speedometer is. Does it feel like it engages when you switch to 4X4? The light could either have burnt out you you need to service it