assuming na iOS 5.1.1 ang ipad 2 mo...
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Absinthe 2.0Step 1: Download, Open Absinthe and plug in your device.
Step 2: Click the “Jailbreak†button on Absinthe.
Step 3: Wait for the progress bar to finish loading, meanwhile don’t mess with your device.
Step 4: After running the program there should be an Absinthe app installed on your iPhone. Open the app. (If you get a database error keep closing and reopening it).
Step 5: After the app loads properly, your device should restart and when it boots up it will be jailbroken!
(Tutorial from JailbreakNation.com)
Enjoy your Untethered Jailberak