USB Sticks cannot contain multiple partitions by default. It is however possible to create multiple partitions on an USB stick by modifying and installing a new driver which disguises the USB stick as a USB hard drive. It is highly recommended to backup all data on the USB stick before continuing.
Users who want to create [...]
How To Create Multiple USB Stick Partitions
Format an USB Device as NTFS in Windows XP
The question came up just recently and I thought it would be nice to address it here in case other users are searching for a similar solution. If you want to format an USB device in Windows XP you notice that you can only select the FAT filesystem in the options. NTFS does not seem to be available which is rather strange at first glance but it becomes obvious pretty soon that this was not just another evil Microsoft plot to frustrate users.

