Just between you and me, I left out an important part that makes it super fun for me.
Well... Lemme guess...
1) Make sure the circuit is dead- slap that breaker OFF! LOCK OUT-TAG OUT. Use a multimeter or 'chicken-finger' to test. Test Twice.
a) If the circuit is wired backwards - you may get a 'hot return' CHECK CAREFULLY. Correct at the panel.
2) Unscrew the plate, Unscrew the outlet.
3) Make sure you have enough excess wire to strip and reseat. Get a replacement receptacle. Only costs a few $$. Old recepticles (25 yrs+) DO fail eventually.
4) Understand your 'hot' from your 'return'. Honor the color code. Black = hot, white = return, Green = ground. Red = switch, other colors = other switched circuits.
5) Upon reassembly, determine if you are using the screw terminals or the plug-ins. Strip and insert to the correct amount of bare.
6) No ground? MAKE ONE. Ground your receptacle to the conduit, box, or grounding rod nearby.
7) On US receptacles the 3rd prong (ground) is always on the right. Don't be sloppy.
8 Use electrical tape around the screw terminals and any exposed wire. Just good practice.
9) Slap the breaker back on, wait for sparks.