Prepare the work site. If you have finished flooring, cover it with plastic dropcloths. Wear gloves, since drywall mud can be difficult to wash off.
Load up your trowel with drywall mud.
Begin building up the uneven area. Apply the mud to the uneven drywall with your trowel using thin coats. Work from the bottom up and apply about a 1/4 inch of mud to the wall. Smooth it out with the edge of your trowel. Keep going until the entire area is level.
Check your work. Once the mud sets (reference the manufacturer's instructions on the package for exact set times), place a level over the patched area. The level will indicate whether the wall is uneven. If it's not, add a little more mud until the level reads that the wall is level.
Sand down the mud until it is smooth. Use a fine grade of sandpaper.