The pcv allows for crankcase vapors to be sucked directly into the intake. These vapors are intended to be the minimal expected blow by gases that blow by the piston rings and pressurize the crankcase. The pcv is designed to regulate a constant minimal vaccum in the crankcase. Also there is a small breather element, usually located in the air cleaner housing, that filters the air that is being sucked into the crankcase. If the pcv is stuck open, and not regulating the vaccum on the crankcase, it can over suck the vapors from the cankcase into the intake. If the pcv is plugged then the pressure, built up in the crankcase, can cause crankcase vapors (oil vapors) to blow out of the crankcase into the air cleaner housing through the breather element. I've never accually seen a stuck open pcv, but I've seen many plugged up ones.