mount -o loop slax-killbill-5.1.6.iso /mnt/m
mount /dev/sda1 /mnt/sda1
cp -ra /mnt/m/* /mnt/sda1/
grub-install --root-directory=/mnt/sdX2_removable /dev/sdX
vi /mnt/sdX2_removable/boot/grub/menu.lst

title           Slax
kernel       /boot/vmlinuz max_loop=255 init=linuxrc load_ramdisk=1 prompt_ramdisk=0 ramdisk_size=4444 rw root=/dev/ram0 copy2ram
initrd         /boot/initrd.gz
boot