a removable Flash IDE chip and mount it in the floppy slot
Heck, I'm still workin' on this part!
My interpretation:
'Flash IDE Chip' - indicating something that holds data and plugs into the computer via IDE, like a hard drive.
'mount in the floppy slot' - perhaps meaning unplugging the floppy drive and replacing it with the hard drive
Anyways, probably wouldn't work.