BOCHS is a freeware PC emulator.
This means that you can create a virtual machine on your computer, and install another Operating System on it.
Plus, this is freeware and quite easy to use. Just look at the example text configuration file to understand how to use it.
To emulate hard disk drives, cdroms and floppies, BOCHS can use both image files and phisical devices, and here you can find several images of pre-installed freeware operating systems for BOCHS, but of course you can also install your preferred OS.
Note extremely fast, though.
A nice, free (open source) one.