HELP!! 94 LeBaron Convertible is overheating BAD!

The other day I went to get a new battery for my car, and on the way it
overheated.

I pulled the 195deg thermostat out and replaced it with a 192deg, but it's
still overheating.
When I parked it, I heard a sort-of "gurgling" sound coming from where the
thermostat is, and the upper hose is easy to squeeze.
It also smoked for a little bit after parking, and the coolant smell was
overwhelming.

I had the radiator flushed and refilled, and that hasn't helped.

I barely got my car home before it got too hot to drive today, but I *NEED*
this car for work, and my wife is getting a little ****ed about me taking
her car more than a couple times.

Any help is appreciated.

Thanks
Steve