For the sake of accuracy and sanity, 192.168.x.x is a local subnet. It is not your ISP's ip address. It is your local router/server/cable modem address. Anything 192.168.x.x will never appear on the internet. It is a Class C subnet.
You can also use 172.16.x.x - 172.32.x.x
or 10.x.x.x as your local ip addresses.
No need to black out the ip address Exfso. It's meaningless to anyone outside your own network. And 192.168.1.254 would probably be a reasonable guess for a gateway on that subnet.
toetoe: you'll want to setup your network like Exfso. change the ip addresses of your computers so that they're all on the same subnet. eg. 192.168.0.1, 192.168.0.2, 192.168.0.3, 192.168.0.XXX, etc.
or
192.168.1.1, 192.168.1.2, 192.168.1.3, 192.168.1.XXX, etc.
It doesn't matter what subnet you use, just as long as it's on the same one. It'll make things simpler that way.
The gateway and dns fields will probably be identical. This is the ipaddress of the computer that is connected to the internet - where all the other computers connect through it to the outside world.
You can also use the DNS of your isp's ip address. If you don't know it, your ISP will probably have a page where they tell you your mail server, news server, etc. it'll be on that page.
But more than that, seriously, google is your friend