Measure the height and width of your walls with a tape measure. Sketch out a diagram of the walls on a piece of paper and determine the number of panels you'll need.
Place your first panel against the wall at a corner of the room. If you need to trim any excess from the panel, score the foam with a sharp utility knife, using a straight edge as a guide, and snap off the unneeded portion. Mark the location of the outer edge of the panel on the wall with a pencil.
Use the caulking gun to apply a bead of construction adhesive to the wall in an S-shaped pattern. Place the panel onto the wall and press firmly until it stays in place.
Prepare and place your next panel, following the same procedure, and continue around the walls until they're covered.
Tape the seams between panels with vinyl tape.