The felt skidplate is behind the metal skidplate.

Check post 18

Skid plates - Page 2 - Ford F150 Forum - Community of Ford Truck Fans

 

It's a cheap stamped steel plate too, likely to bend easy but will stop road debris.

Yes most do have them but it's not a real plate in my eyes. I like the heavier duty plates on the 99-06 gm trucks with 4WD, those are pretty thick.