[releaseyourself]

I just tried using iLiberty and the phone got stuck on "preparing jailbreak"

Now the phone wont do anything except scroll lots of text then repeat some text continiously.

How can i get the phone back out of this mode?

[JAG2621]

What you need to do is plug it in to the computer then do hard restore: hold home and sleep till shuts off, you have to continue to hold down the buttons a little longer. Keep holding down the home button and let go of the Sleep button.
Then press the sleep button but do not hold. It should show up in iTunes. If this helps just give me a thanks

[releaseyourself]

Worked, Thanks left cheers.

[Hegofm]

First Try to update Iliberty and then run it again.