Got this from:
Q: How Do I Install GNU Software?
A: On a correctly configured system, installing a GNU software package requires four steps:
With the [source.tar.gz] archive in the [/usr/src/] directory, or wherever you maintain your source files, untar and decompress the package with the command:
tar zxvf package-name.tar.gz
Run the ./configure script in the untarred source archive's top-level directory with whatever command line arguments you need. The options that configure recognizes are usually contained in a file called [INSTALL] or [README].
Run make. This will build the source code into an executable program (or programs) and may take a few minutes or a few hours, depending on the speed of the computer and the size of the package.
Run make install. This will install the compiled binaries, configuration files, and any libraries in the appropriate directories.