Howtoforge posted a guide about installing Honeyd 1.5c and Arpd 0.2 under CentOS 5

This tutorial shows how you can install your honeypot by using Honeyd (Virtual Honeypot). Honeyd is a small daemon that creates virtual hosts on a network. The hosts can be configured to run arbitrary services, and their personality can be adapted so that they appear to be running certain operating systems.

  Installing Honeyd 1.5c And Arpd 0.2 Under CentOS 5 (With gcc 4.x)