CVE 2008-2079
MySQL 4.1.x before 4.1.24, 5.0.x before 5.0.60, 5.1.x before 5.1.24, and 6.0.x before 6.0.5 allows local users to bypass certain privilege checks by calling CREATE TABLE on a MyISAM table with modified (1) DATA DIRECTORY or (2) INDEX DIRECTORY arguments that are within the MySQL home data directory, which can point to tables that are created in the future.
See the 
CVE page on Mitre.org
for more details.
