List the archive
[user@host user]$ tar tzf bash-2.04.tar.gz

Extract the archive
[user@host user]$ tar xvzf bash-2.04.tar.gz

Move to source directory
[user@host user]$ cd bash-2.04

Read the documentation
[user@host user]$ more README INSTALL

Review the auto-configure options and enjoy the flexibility of open source software
[user@host user]$ ./configure --help

Run auto-configure
[user@host user]$ ./configure

Build the software
[user@host user]$ make

Test the build
[user@host user]$ make test

Review make install
[user@host user]$ make -n install

Install the software
[user@host user]$ make install

Enjoy...