short answer: yes. long answer: yeah, but im not exactly sure how. you could use itunes to make a playlist of all the songs (by importing them all into the library and then dragging them all on to a playlist) then burning the list to a cd, or you could use some software like jam to copy it. or i would imagine theres some software bundled with the 'book, or with osx that could do it. you might want to check the user's manual or use the online help. also, if you have a really old tibook with just cdrom you cant do it. sorry i cant be of more help
In Disk Utility click "new image", name it, and select your CD. When the image is finished insert a CD-R. When Finder asks what you want to do with it tell it "ignore". Then select your image in Disk Utility and click "burn".
If it's a music CD you could also import it to iTunes as aiff and burn it back to CD-R.