If you want to know the easiest way to jailbreak iPod Touch 5.0.1, you must to learn a few basic things about your device and the things needed for the process to be complete and successful.
For starters, you have to understand that there is a variety of software that is used to facilitate the process. The things that you will be required to have for this process include a compatible iOS device as well as the latest version of redsnOw for mac and iTunes.
In order for you to save your files, you will use the iTunes to salvage the necessary documents, pictures or music in your device. If you do not, then you must be prepared to lose all of them once the process starts.
First and foremost, you need to download the redsnOw into you device and open it. Once redsnOw is launched, you will be able to see another button named Extras. Open it and select IPSW button and then choose your corresponding iOS firmware. Go back, then click jail break.
At this moment, after clicking on the jailbreak button, you must ensure that the screen gives you an option of installing Cydia. Check that button then click on next. If you have followed everything in the right way, you will realize that, you will be required to change the mode that your device is in into UDF. You will be given several instructions which you are required to read and follow carefully.
The instructions should ask you to plug into the computer and power off your device. You can only click next if your have followed the instructions. You will then need to hold on to the power button for three seconds and subsequently hold the home button for 10 seconds. Do not release the power button. After the 10 seconds, you can release the power button while still holding on to the home button for a minimum of 15 seconds.
Right about now, the device should restart and begin the process. You are required not to interrupt the process either through the computer or the device. It will reboot itself into a jailbroken state. If you want to learn how to jailbreak iPod Touch 5.0.1, you must first know whether you device is untethered or tethered. The above process is for the tethered devices.