UPDATE 21ST JUNE 2008
Please watch the video response and follow that method now because most people have a more updated firmware (ie not 1.1.1) therefore should use the Ziphone method as shown in the video responce. Although I used that on an iPhone I can assure you it works for iPod Touch users as well as there is a special button for you guys to click on when you download the program. Again any questions please let me know!
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After many requests I decided to produce a quick guide on how to jailbreak your iPod Touch and how to put a few applicaitions on it.
In order to jailbreak your iPod, the web address you need to type into safari is:
http://jailbreakme.com
To add the iPhone apps into your installer sources, you need to add the following address into the ’sources’ menu:
http://repo.us.to
Thanks, and if anyone has any problems with this please let me know 
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