Is it possible to...

Yes, just share the folders you want to and access them from the other PC, if you mean pc to pc alone you need to make or buy an Xover (crossover) cable if you have no switch/router etc..
 
Ahhh.. the cables section said 'networking' as well, maybe they should change it or add a link there :D Any of the last 5 there would work.
 
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