Step 2: Record it!

Picture of Record it!
So, you're going to need a microphone to record your podcast. It doesn't matter how good it is! You can use a really expensive microphone, or a really cheap one. I use a cheap headset mic that I got for $15. You're also going to need some sort of audio editing software. The one I use is Audacity, but if you have a Mac, you can use GarageBand. If you're willing to shell out the cash, you can get Adobe Audition. Now, all of these programs can record audio into your computer box thingy, so you don't need anything else to record. Also, to be a little less of a douchbag, you may want a pair of headphones.