This ISS Security - X-Force Alerts - xfree86-xfs-symlink-dos page provides a good summary of the xfs vulnerability.
The vulnerability can be used to change the permissions of the /etc/shadow file, as shown in Neohapsis Archives (BugTraq) 1999 "bugs in xfs". The InDenial BugTraq Archives - 1999 Mar "bugs in xfs" shows the thread.