LIM=Lower Intake Manifold
Porting it would mean making the openings larger. The benefits of doing this are still debated, and it has to be done right, and it will probably cause you to fry at least one Dremel tool.

FWI=Fender Well Intake.
This is a cold air intake that drws from the area ahead of the tire, underneath the car. Because the filter is OUTSIDE the engine bay, it picks up very little heat form the motor.
The regular intake picks up a TON of heat, because it not only draws in hot air from the engine bay, but it also is very restrictive, severely limiting the amount of air it can pull in.
A short-ram intake, also known as a rice-pipe, is a short aluminum or plastic pipe that eliminates the restriction of the stock exhaust, but still draws hot engine-bay air. It will increase power, but only to a certain extent. A heat-shield can be put in around the filter of a short-ram to shelter it from the engine bay to keep the hot air from making it to the filter, but this takes a bit of work and isn't COMPLETELY effective.

A FWI intake uses a flexible hose that snakes through one of various holes in the frame to the area behind the front bumper cover, where outside air can be drawn directly into filter, giving you an unrestricted flow of outside, unheated air.

Yeah, what they said and sorry for not clarifying. you will find that there are many acronyms used on this site, we kind of have our own language

Just to let you know, there are currently no FWI for 92-93'* 3" Throttle Body.

a CAI is still currently your best bet

Who is trying to imitate the real "Black Panther"?
That'* not nice...
Me I like to take care of maintenance issues first as they will dictate the priority for my budget. Appearance issues should be limited to cleaning until most mechanicals are taken care of. Just my humble opinion.

Actually, INTENSE sells 3" tubing, and the rest is just a couple pieces of 3" aluminum tube, cheaply obtained by buying a rice-pipe and hacking it up, and a feew hose-clamps...

ummm, no
they sell 3.5" and 4" NOT 3"

Huh, WTH? You're right. Well, the stuff is out there, don't know who makes it. Any way, the INTENSE unit will work fine, you just have to make an adapter for it. A cheap rubber coupler from Auto Zone works for that...

no, you need the 3" stuff or laminare flow will be affected, and you WONT have the more efficiant setup possible

Not to nitpick, but my own experience says different. If you recall, I used the 3.5" on my 95, and picked up a 1/4 second off that change from an Autozone rice-pipe. And mine wasn't even as good as the INTENSE unit. It had some ragged edges on the inside that screwed up the airflow...
I think we should table that one until someone can do some objective testing on a dyno...

your 95, and my 92 are to very different things... look up willwren'* thread on his FWI, he tell'* you why it wont work on 92-93'*