Actually that was documented in a PBS special a number of years ago. The pilot was given permission to do his first low-level supersonic flyby for the cameras. The whole ship (and the escort ship crews) was watching. I believe they said it was a compressor stall that resulted in the engine disintegrating. Both the pilot and RIO ejected safely and were rescued. The were interviewed for the program after the accident.
I found this quote on the accident posted elsewhere:
Wasn't this incident depicted on the documentary, "Carrier- Fortress at Sea"? In that show, it was a compressor stall post Mach-1, while doing a supersonic pass abeam of the USS Carl Vinson (CVN-70) The pilot and RIO punched out sucessfully, abiet just a little wet.
You can see the whole video with sound here (filmed from an escort ship):
http://www.youtube.com/watch?v=H1lJRMYd8kc
Bob