At the moment it doesn't cost anything to sign up for facebook.
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You simply log on to the facebook website and click "Sign Up" after entering your account information into the bars above this button. Once you do this, you're registered and can modify settings and add friends however you please.
You cannot bypass a password for a Facebook account. When you create an account with Facebook, you are required to come up with a username and password which you will use each time you log in to Facebook.
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All you have to do is sign in unless the email got erased then you log in go to settings and use a different email. ~L0V3~
No. Signing up on Facebook is totally free.