Nehmo Sergheyev wrote in rec.autos.tech
I = E/R ohm's law
(120^2)/1,000= 14.4 Ohms for the iron
14.4 + .5 = 14.9 ohms total resistance of cord and iron.5/14.9 = three and a third % of the total resistance is in the cord.
Yeah, the extension cord can handle the load, the problem is that the iron itself is ancient, and not designed for continous use. It will fail, and probably catastrophically. And it is ungrounded, which means that if it shorts out the car will become part of the circuit, and you will provide the last connection to ground when you touch the car.