You can jailbreak it and play homebrew games, aka pirated games and play game mods.
Piracy: ꜱᴀɪʟ ᴛʜᴇ ʜɪɢʜ ꜱᴇᴀꜱ
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Is there any particularly good guide I should use, or just what I find on ddg?
Currently jailbreak is possible if you have firmware 9.0.0 and below, to my understanding. You can look up videos, but most people recommend text guides as they are easier to update and keep current. For PS4 it matters less since nothing has changed since the current jailbreak released.
The methods really depends on which firmware version you have. Some are permanent, some are not. The one I'm using now for 9.0.0 is basically just:
- Load up cached website with exploit
- Click go
- Insert a specially formatted usb stick
- Remove stick after it tells me At that point goldhen is installed and can run homebrew stuff.
Make sure you set up the internet connection to use a DNS which blocks the sony update servers.