Re: blown coolant cap?
Funny thing is, something similar happened to me on a Chrysler LHS at work. Owner drove it till it overheated and shut down, so it was a tow in. Replaced the bottle (pressurized), and when I went to fill/bleed it, there was smoke coming from the timing cover. Fearing the water pump/tbelt, took it apart and found the cover had bent in.
What this has to do with your truck:
After getting it together and starting to bleed it, coolant and air began shooting out of the funnel like a volcano. Found that the radiator fan relay wasn't working (coolant was boiling instead of actually transferring heat), and we neglected to open the bleeder valve on the thermostat housing.
So, aside from blown headgasket, you could have lack of airflow/heat transfer occuring, or a stupid huge air pocket. The LHS had the air pocket because the owner ran it till it was dry and overheated, however, if something screwy happened with yours, you could have one too.