If you already know how to root and ROM you phone than this video is not for you.
If you DO want to root your phone, this is a QUICK run though on you to do exactly that. If you read the guides here then watch this video of me rambling on and on for 12 minutes you will see that it is not that hard and is may be something you want to give a try.
How to root your Droid X, backup your current applications, backup and restore your system using bootstrap recovery, and how to install a custom ROM.
If you open the video up on YouTube you can watch HD fullscreen
[video]http://www.youtube.com/watch?v=9KecTFINEaQ"] How to your Root Droid X