1 iOS 5.01 Untethered Jailbreak Method Two. 3/4/2012, 5:57 am
TrickyNeon
STEP 1: Assuming your device is already jailbroken, head to Cydia and leave it till the update is finished.
STEP 2: Once updated, search for “Corona 5.0.1 Untether” under BigBoss repository and you’ll be able to download it for free by hitting the “Install” button on the top right of screen.
Once done, you’ll need to reboot your device and get your untethered jailbreak on iOS 5.0.1.