Well I'm seeing lot's of threads on this so I just want to make it all clear.
What is the reputation system?
Well it basically shows how great the reputation of a member is. So if 2 people offer you some advice, and they both clash.
One of them has a reputaion of:
And the other has one of:
It would be more advisable to take the advice of the more "reputed" member.
How do I give someone a Positive or Negative Reputation Point?
It is actually very simple.
So you see the post which you would like to rep. Now if you look carefully in the top right corner of the post(beside the number) and you will see this image:
Click on that image.
Now you will get a choice of choosing:
1.I approve
2.I Disapprove
Pick one of those . And enter a comment into the textbox, then click Add to Reputation.
Congratz, you have successfully done it.
And to see your latest reputation(if you have any) go to your user cp:
http://www.getpwnd.com/usercp.php
Now since I have explained it in detail on how to rep.
REP ME 