Ac1dSn0w
Beta 2

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CHANGELOG:

Beta1:
Initial Version

Beta2:

Fixed legal issue
Fixed problems with ramdisk (black screen)
Removed boot logo

Supported Devices (iOS5/iOS5.0.1):

iPhone 3Gs
iPhone 4
iPod Touch 4 G
iPad 1

It also provides features like Tethered Boot, Pwned DFU, and Exit Recovery to get your device out of Recovery Loop.
You may have to perform the following steps in order to jailbreak your device successfully.

1. Download Ac1dSn0w from Here and Mirror (b2)


2. After downloading, open it and you’ll see the following screen:

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Note:
You can click ‘Show Console’ to see some device related information. It also shows you the current state of your jailbreaking process. The Assistant Panel helps you to put your device into DFU Mode.

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3. Connect your device with your Mac.

4. Turn your device off.

5. Click ‘Show Assistant’ and follow the onscreen instructions to enter DFU Mode.

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6 . Once you’re in DFU Mode just hit the ‘Jailbreak’ Button and wait until it’s done (the device will reboot).

7. Put your device again into DFU Mode (Step 5) and hit the ‘Tethered Boot’ Button.


8. Please wait a moment or 2 for the a white Cydia icon to appear.

9. Click on the white icon and wait for Cydia to initialise and close.


Done: Reopen Cydia Your device should now be jailbroken with Cydia installed.
[REMARK]
Please note that you need to boot tethered in order to see the Cydia icon. Also note that Ac1dSn0w won’t show a boot logo in Beta2.