gzip (GNU zip) is popular compression program. The included gzexe utility allows you to compress executables in place and have them automatically uncompress and execute when you run them.
The script gzexe included with gzip contains a bug in the code that handles tempfile creation. If the creation of a temp file fails when using gzexe fails instead of bailing out it executes the command given as argument.
This could lead to priviege escalation by running commands under the rights of the user running the self extracting file.
There is no known workaround at this time. All users are encouraged to upgrade to the latest available version.
All gzip users should upgrade to the latest stable version:
# emerge sync
# emerge -pv ">=app-arch/gzip-1.3.3-r4"
# emerge ">=app-arch/gzip-1.3.3-r4"
Additionally, once the upgrade is complete, all self extracting files created with earlier versions gzexe should be recreated, since the vulnerability is actually embedded in those executables.