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I'm currently doing a lot of research for my 34 code on my '03 explorer. Below is a link discussing your code. There are a lot of postings on this website about air bag codes, you just have to sift through them.
One thing I've learned is that your truck year and model has it's own fault code definitions. So just keep that in mind when you read about codes reasons on here, as it might not be the same for your truck. (ie 27 for your car might be different than 27 for mine)
Rezvani's Latest Post-Apocalyptic Monster Is a Ford F-150 Raptor Underneath
Slideshow: Called the Fortress, the 850-horsepower pickup combines Raptor underpinnings with military-inspired features, survival equipment, and a starting price of $285,000.