On June 16, 1998, about 1200 central daylight time, a Cessna 150C airplane, N7914Z, registered to and operated by MAG Craft, Inc., was substantially damaged following a loss of directional control while landing at the Airman Acres Airport near Collinsville, Oklahoma. The student pilot, the sole occupant, sustained minor injuries. Visual meteorological conditions prevailed, and a flight plan was not filed for the 14 Code of Federal Regulations (CFR) Part 91 instructional flight. The local flight originated from the same location at 1115. The pilot reported that after landing, during roll out on the grass runway, "I was distracted somewhat by a B707 (Air Force Boeing 707) that was flying over [head]. And also saw some children behind some hangars." When he looked back to where he was going, he saw that the airplane was "too close" to the airport property line. He applied the brakes and the "aircraft started to move to the right." He noticed he was heading for a birdhouse and "firewalled" the throttle and tried to turn the airplane; however, the airplane continued on a "straight line going toward the birdhouse." The airplane hit the birdhouse, went through a fence, and came to a stop in a residential swimming pool. Examination of the airplane by an FAA inspector revealed that the engine was displaced downward and the firewall was buckled. The 71 year old student pilot had accumulated a total of 45 hours in the airplane.