It is very easy to jailbreak your iPad2 and iPhone4S using the new Absinthe for Windows and for Mac, just follow below steps to download and install the ios 5.0.1 jailbreak in minutes free of cost.
Your iPhone 4S should be running 5.0 or 5.0.1 and your iPad 2 should be running on ios 5.0.1.
Step 1: Download Absinthe jailbreak by clicking below links and extract on your hard disk.
Step 2: Open Absinthe by double clicking the file and connect your ipad2 or iPhone4s to your computer (remember to disable any pass code if you have one)
Step 3: Click the “Jailbreak” button on Absinthe screen as shown below.
Step 4: You will see the progress bar moving and different messages on the Absinthe screen, wait until the progress bar go to end. Now Absinthe is installed on your ipad2 or iphone4s.
Step 5: You will see Absinthe app installed on your iPad2 or iphone4s just tap it to open and make sure your WiFi is connected/enabled. You may have a database error due to load on Absinthe server, keep trying by closing and reopening again and again).
Step 6: Once connected some installation will be there and device will restart.
Cydia will be installed on your device and Now your ipad2 or iPhone4s is jailbroken.