yeah .. surely ..
its called SHOUTCAST for Winamp
go to this page :: *www.shoutcast.com/download/
download and install Shoutcast Server LINK
and also download the SHOUTcast DSP Plug-In for Winamp 2.x LINK
All the instructions are explained on the site ...
I can summarize that .. Shoutcast DSP Plugin will send data from your winamp to Shoutcast Server .. and the Server will broadcast the song.
Watever u play in winamp will be the radio ..
ask your friend to open a link similar to this :: *yo.ur.i.p:8000
( in no proxy mode )
8000 is default port .. you can change it in Shoutcast server's settings.
Quite a few radios run in my LAN .. its good
____
alibi