Someone recommended reading the Bible like you would a newspaper i.e. take it literally unless it is obviously metaphorical.
I actually believe in the literal parting of the Red Sea, literal collapse of Jericho's walls, literal manna appearing on the ground each day, literal water from a rock, literal parting of Jordan, etc. The only thing I have a "problem" with is the sun standing still. I'm not quite sure what really happened there.
As far as the Bible being God's Word, I actually believe it is His revelation to us through individuals that He chose and they really were "borne along by the Holy Ghost" (
2 Peter 1:21) as the Spirit of Christ within them testified (
1 Peter 1:11), and that the Bible is "God-breathed" (
2 Timothy 3:16)
When it comes to this kind of stuff I'm pretty much a fundamentalist (or funny mentalist).