Debugging ASP.NET (2003) as a non-admin (by yag)

An old friend of mine (hey Fletcher!) asked me about debugging an ASP.NET application in a university setting where the students are not administrators on their machines (a useful thing for anyone). A typical email thread ensued - and Gregg came up with a cool answer which he promptly blogged. It involves using the personal web server that comes with Web Matrix. Check it out!