You can't make a PS2 factory-new, but you can refurbish it for reliable modern gaming. Here's a tiered roadmap from essential maintenance to modern experience upgrades.
If hardware is too far gone: PCSX2 on PC/Steam Deck or AetherSX2/NetherSX2 on Android offer superior visuals, cheats, and save states.
Backup Saves First! Use uLaunchELF (FMCB) to copy saves to USB before any repair.