Re: How to make my OWN Live CD system?
Either read and follow THIS GUIDE
Or install my Script Tools
and then run "st rh live-image-beta" to be roughly guided through the steps required.
As you're using FC8 which is pretty old, i have no idea if the rpm works, have a try to be sure.
If it wont let you install it, try the tarball installation.
EFI Cheatsheet :: http://forums.fedoraforum.org/showthread.php?t=298546
Video Handler Script (VHS) (mass re-encode videos, screenrecorder, console music/webradio player, ...) :: http://forums.fedoraforum.org/showthread.php?t=299182
Windows 8+ & Fedora 20+ Dualboot :: http://forums.fedoraforum.org/showthread.php?t=298161