Yes I think you have killed the fet again by connecting it wrongly. If the led is switching on and off it is likely that the rest of the circuit is working.
I am not quite sure what you did with the fet, but they don't like wrong connections.
If you sit the fet on the bench with its plastic side up and the leads towards you, gate is on the left, source is on the right and the drain is in the middle.
Drain goes to your dump load, source goes to the circuit ground and the gate goes to the 100 ohm resistor to pin 3 of 555 and also to your led.
If you are using something other than the IRFZ40 then it must be a N channel fet.
Flux