If you do decide to take the splined slip(collapsable part) of the driveshaft apart, then you need to mark it for realignment. The crosses of the universal joints must remain in phase with each other, in ither words, the crosses line up with each other at each end. The "spiders" you are referring to are probably the universal joint crosses. The parts that stay on the transfer case and axle are called yokes.
The driveshaft tubing needs to be actual tubing, NOT water pipe or fence pipe or exhaust pipe. If you can find a junk driveshaft form some other vehicle that has similar size tubing and is longer than the section of the shaft that needs replaced, then that tubing will do the job for replacing yours. You'll need to find someone who can weld, and has a decent knowledge of how to measure and can cut square. I'd recommend using a chop saw, rather than anything else(grinder or torch), to get the cuts square. I have used a piece of angle steel to lay the pieces of driveshaft in to hold them square to each other before welding them together(remember to make sure the u-joints are in phase!). This was for a low-speed off-road only driveshaft that didn't need balancing. Only a machine shop has the tools necessary to balance a driveshaft for high speed use.
The best thing to do is to have the tubing replaced by a professional with the specialty tools that allow them to get the ends on straight, in phase, they'll have the correct kind of tubing to do the job, and they'll balance it for use on the highway. Generally, a new driveshaft costs me around $200 here in TX. You will probably have to take it to a machine shop in Kahului. Google "drive shaft repair" or "machine shop". Seki's, maybe? Call em.