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Umm...not to come off as an idiot or something but...could you guys explain to me how overclocking works? It sounds interesting, but I've got a really old PC. The specs are:

Intel Pentium 4, CPU 2.80 GHz, 2.81 GHz, 480 MB RAM

 How good is that? Pretty old, I know. I'd like to overclock it or do you just recommend me to buy a new computer? Thanks for the advice.