I cant see that you have ended your while loop.
Try this approach
<html>
<head>
<title>Untitled Document</title>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
</head>
<body>
<?php
include("mysql_connect.php");
?>
<table width="721" border="0">
<tr>
<td width="116" height="21">Nick</td>
<td width="114">Navn</td>
<td width="115">E-Mail</td>
<td width="115">Brukernavn</td>
<td width="115">Passord1</td>
<td width="120">Passord2</td>
<td width="120">Host</td>
<td width="120">Id</td>
</tr>
</table>
<?php
$query="SELECT * FROM home";
$result=mysql_query($query);
$number=mysql_numrows($result);
$i = 0;
while ($i < $number){
$id = mysql_result($result,$i,"id");
$nick = mysql_result($result,$i,"nick");
$navn = mysql_result($result,$i,"navn");
$mail = mysql_result($result,$i,"mail");
$brukernavn = mysql_result($result,$i,"brukernavn");
$passord1 = mysql_result($result,$i,"passord1");
$passord2 = mysql_result($result,$i,"passord2");
$host = mysql_result($result,$i,"host");
echo "<table><tr><td width="116">$nick</td><td width="114">$navn</td>";
echo "<td width="115">$mail</td><td width="115">$brukernavn</td>";
echo "<td width="115">$passord1</td><td width="120">$passord2</td>";
echo "<td width="120">$host</td><td width="120">$id</td></tr></table><br>";
#this is where you left something out
}
#or you could try this, which is a bit smoother...
while($row=mysql_fetch_array($result)) {
$passord1="$row[passord1]";
print "$passord1";
}
?>
</body>
</html>