Slipstreaming is a way of integrating Windows installation CD’s and Sevice Pack’s, so that wheneve, you need to install OS, you can install all latest updates and the basic Os at one go. Other than Service Pack (SP), you can also slipstream in various product updates, including hot-fixes. Previous to the release of SP2, I created a bootable XP CD that included the original "gold" version of XP, Service Pack 1a, and the Security Rollup 1 update, all meshed together into a single install. Now, I've tossed that CD aside for one that includes XP SP2 instead. Let's take a look at how we can do this.
Slipstreaming Windows XP with Service Pack 2