Using iptables
sudo iptables -L   
sudo iptables -A INPUT -i lo -j ACCEPT    
sudo iptables -A INPUT -m state --state ESTABLISHED,RELATED -j ACCEPT    
sudo iptables -A INPUT -p tcp --dport ssh -j ACCEPT    
sudo iptables -A INPUT -s ###.###.###.### -p tcp --dport www -j ACCEPT    
sudo iptables -P INPUT DROP    
sudo iptables -L -v    
sudo sh -c "iptables-save > /etc/iptables.rules"    
sudo nano /etc/network/interfaces    
    Append the following to appropriate interface(s):  
         pre-up iptables-restore < /etc/iptables.rules   
         post-down iptables-restore < /etc/iptables.rules    
  
Reference:  
    http://iptables-tutorial.frozentux.net/iptables-tutorial.html
    http://www.frozentux.net/iptables-tutorial/iptables-tutorial.html [EDIT: 20110514]
    https://help.ubuntu.com/community/IptablesHowTo













