The closest thing you will get to a walk through on compiliing the source is
Code:
http://www.eqemulator.org/forums/showthread.php?t=35722
If you still can not compile the source after reading that then maybe you should consider using a precompiled version. Doing that does come with its own quirks.
Code:
http://code.google.com/p/projecteqemu/downloads/list