JSI Tip 9050. How do I create a Windows Server 2003 installation package that includes slipstreamed hotfixes?

Microsoft Knowledge Base Article 316037 contains the following intoduction:

This article describes how to integrate the original release version of Microsoft Windows Server 2003 with the hotfixes that are subsequently released. When you integrate the released-version files with the hotfixes, you can create an integrated installation package on a network distribution share in an I386 folder. This integration is also known as slipstreaming.