Time Machine - Frequently Asked Questions
16. How can I restore a file/folder to an alternate location?
Time Machine - Frequently Asked Questions
16. How can I restore a file/folder to an alternate location?

Then locate and select the desired item in the Finder window as in question #15 and control-click (right-click) it (on Leopard, click the "gear" icon), then select the Restore <item selected> to ... option.
Then you'll see a prompt where you can select a location, and TM will place it there.
To use the backups from a different Mac, see question #17.
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