The water pump is leaking, and the drive belt is cracked.
If the water pump is leaking, then it will need to be replaced. Please note that cooling system checks or repairs should never be carried out on a hot engine, or on a pressurized cooling system, or serious injury can occur. The system will need to pressure checked to ensure that no other leaks are present, and the drive belt replaced if the belt is dry-rotted, and/or cracked. You may want to enlist the help of a mechanic, such as one from YourMechanic, to replace your drive belt, and service your engine's entire cooling system, including the leaking water pump.
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