Oh......
Just Empty Every pocket.....
Sorry, but it sounds bad... is there white scum in the filler cap (sign of water contamination)
You should not have oil spraying out of the filler cap, there is a chance of some splashing (heavy sometimes, it's on there for a reason) but if it is spraying out then you have pressure going past the pistons or through a crack in the head gasket (hopefully) or the head (ouch)
So, if you are lucky, it'll be head gasget. Less lucky, piston rings and or cracked head. (More likely if she overheated). Now, depending how much water went in there, it could be bent con rods, etc. Even worse it could have made the cam belt jump (This is not jeep specific knowlege, so don't have a go if it has a cam chain - unlikely it'll be a chain) and you could be looking at valves hitting the pistons and all sorts of nasties.... hope your credit card is well :(
Saying that, until you have had the top off and had a look, you could second guess all day. I'd be inclined to get it into your local garage or Jeep specialist (not jeep garage) and see.