I still use a floppy, but check out the "Flash procedure" link in Ace's sig; he tells you how you can make a bootable floppy and use it the same exact way you would use a floppy.
I concur with Ace, bootable USB stick is the way to go. Floppys just can't be trusted, I've had them fail SO many times. You have to go into the BIOS with the USB stick in first and set it as the first "hard drive" to boot from.
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