Apple released iOS 5.0.1 to the public today, and with it comes the need to jailbreak. Fortunately, we've got that need covered using the latest version of RedSn0w 0.9.9b8.
Keep in mind that many are warning those wishing to jailbreak to stay away from iOS 5.0.1 — especially iPhone 4S owners and those who have no way to downgrade firmware back to a prior version.
This is a tethered jailbreak, so those wanting untethered only need not apply. But if you're happy to use tethered to hold you over until then and if you've read all of the warning labels, check out our video tutorial that shows your how to jailbreak iOS 5.0.1 inside...