In Linux, a panic is an unrecoverable system error detected by the kernel as opposed to similar errors detected by user space code. It is possible for kernel code to indicate such a condition by calling the panic function located in the header file sys/systm.h. However, most panics are the result of unhandled processor exceptions in kernel code, such as references to invalid memory addresses. These are typically indicative of a bug somewhere in the call chain leading up to the panic.
Q:How to solve kernel panic in Knoppix ?
(partial) A: When you boot from CD and are at the first prompt, enter the cheatcode "failsafe", which turns off some of the hardware detection. This might get you a little farther. I discovered that Knoppix appears to be trying to page to one of my CD-RW drives, causing a kernel panic.