Somehow OP can spend his time posting in this thread but doesn't spend 5 seconds STARTING THE SERVER.
Server is up. You can't join?
Hmm...
This is the log.
[INFO] Starting minecraft server version Beta 1.8.1
[INFO] Loading properties
[INFO] Starting Minecraft server on 192.168.1.101:25565
[INFO] Preparing level "world"
[INFO] Default game type: 0
[INFO] Preparing start region for level 0
[INFO] Preparing spawn area: 89%
[INFO] Preparing start region for level 1
[INFO] Preparing spawn area: 73%
[INFO] Done (2438714977ns)! For help, type "help" or "?"