From the FAQ:
Morrowind is a huge game, with tons of different ways to play. There are also a ton of ways to abuse the game and make insanely powerful characters. There are a lot of FAQs on "power gaming" or "cheap play," and most of them call for the abuse of glitches in the gameplay, such as the Soul Gem bug, or for specific sets of skills, especially Thief skills. I wanted to find a shortcut to incredible power that any character could use, without abusing any of the well-known glitches in the system.

This FAQ is the result of all that. It's a 15 step process that should take around a half an hour, resulting in incredible power. It was not hosted on GameFAQs because they already had too much on Morrowind, so I put it here instead. It's considerably different from any of the FAQs on that site though.