These steps work fine with version 0.9.0 RC2 at least…
Download the latest dmg from http://code.google.com/p/red5/ Open the package, drag Red5 to your Applications folder, then start the app (nothing happens visually, it’s a server!) Open http://127.0.0.1:5080/demos/ in a browser, which should hopefully now show you the demo page
The next step is to install [...]