How to Rip mp3's in Ubuntu 7.10

Here is the easy version:

sudo apt-get install gstreamer0.10-plugins-ugly-multiverse

Then start up the pre-installed CD Juicer application. Go to Edit/Preferences, you will now see an mp3 option there.

Note that I already had lame installed, so you might need to do that (sudo apt-get install lame).