Windows 8: Map Folders To Drive Letters

If you regularly work with specific folders, and are tired of typing their path (e.g. C:\Windows\System32\Drivers or anything else) its possible to assign it a drive letter.  There's an old DOS command called SUBST (example: SUBST X: C:\{pathname}\foldername}) that can associate a drive letter with a specific folder path.

For example, to assign T: to C:\Windows\System32\Drivers, at the command