Jessie Cross of The Hungry Moose blog describes the process in detail, but basically, you:
- Eat an avocado (fun part)
- Clean-off the pit
- Suspend it over a dish of water with toothpicks (half-submerged)
- Wait 3 to 6 weeks for it to sprout
Source : How to Grow an Avocado Tree from an Avocado Pit