Visit a website that provides lyrics for songs. There are a few of these sites listed in the "Resources" section.
Print off the pages for the songs. Use a three-hole punch to put holes in the pages so the song sheets can be placed into a three-ring binder. This allows them to be easily added or removed.
Decide on how you would like to organize the lyric sheets. This can be done alphabetically by the last name of the artist or the title. Whatever method, you need to make sure you can find the song sheet easily. Once you have the pages in order, consider creating an index list, so people can easily see the songs available to sing. Include the index in the front of the book.
Create the karoke CDs by burn tracks onto CDs in the same order as the songs are organized in the book. If you already have made the CDs, write down the CD and track number onto the lyric sheet. For example, if "Sweet Caroline" is on CD 8 and is the fourth track, write down "CD:8, Track 4." This will help you find the song quicklyl.
Placed the organized lyric pages into the three-ring binder. You now have a Karaoke song book and are ready for the song requests.