ok, here we go...
1) remove any additional media or disks you may have in the mac - this will make everything a bit easier. also, make sure you've backed up anything you want to save off of the drive.
2) open disk utility. at this point, you should only see a disk at the top and one or more partitions under your main disk. don't touch this disk!
3) mount the external drive. you will see two or more additional items show up in the window on the left of disk utility under your main disk.
4) select the newly mounted disk. i can't really tell you what the name will be, but it should start with the size of the disk.
5) select the "partition" button near the top of the tool. (partition will only be visible if you have the actual disk selected. - again, make sure you don't have the top most disk selected!)
6) if you only have one partition on the disk, you should be able to click "split" to create a second partition. You can also select the number of partitions from the "volume scheme" drop down.
7) now you can choose the sizes of the two partitions by dragging the horizontal line between the partitions.
8) click on one of the boxes/partitions. name it, and select the format.
make one "Mac OS Extended (Journaled)" for large files
make the other "MS-DOS File System"
9) double check your selections for size, format, and name. if you are ok with your choices, click the "partition" button in the lower right corner.
you will be prompted one time to either cancel or partition the disk.
10) you will see a progress bar on the lower portion of the disk utility tool. the drive should also unmount and then mount back to finder and/or your desktop. once the bar goes away and the drive(s) mount to finder/your desktop you should be good to go!