How can i fix this badboy up? PLEASE HELP? IM A NICE GUY!?

Question

I have drywall compound, putty knife, sand paper and the paint.

http://tinypic.com/view.php?pic=2rdga3b&s=4

Answer 1

And you can always be sure that someone's a nice guy when they tell you they are.

Answer 2

cut out the broken drywall. Place a new piece in the hole. Use netting (for wall compounds) and secure it with putty. Let dry for 24 hours, sand, texture. let dry if more putty was applied. then paint and ta-dah!  go to a hardware store and ask for more details if you don't understand that little explanation.  

Answer 3

Scrap off the loose paint chips. Then prime damaged area of wall with a flat latex primer. Let it dry. Skim coat 2 to 3 times with drywall compound. When the last coat of mud dries, sand it to a smooth finish. Prime the repair again. Paint wall from corner to corner with the finish paint.

Answer 4

scrap it, putty it, sand it, prime it, paint it