How to Compile and configure dhcpd from source in Fedora 9

Devil2005 has created a video on compiling and configuring dhcp daemon, or dhcpd, from source. He's using the Fedora 9 distribution of Linux for the video, but the lessons learned should be applicable to other distros. For that matter, even if you are not interested in installing dhcp in this way it's still a good lesson on how to download and compile various applications from source.