How Do I Modify The Initial RAM Disk?

Occasionally, one may discover that they need to adjust the contents of the initial RAM disk. For example, when trying to figure out how to get the Network Security Toolkit to boot from a USB thumbdrive, we needed to experiment with the loading of different modules and adding some sleep commands, device entries, etc.

The process of updating the initial RAM disk goes as follows:

At this point, we can try booting the system.