If more than one brake caliper is dragging, there's a high potential that the brake master cylinder is leaking. This would cause the pressure in the system to remain after the brake pedal is released, keeping pressure on the cylinder in all of the calipers. Rebuild or replace the master cylinder before doing the calipers, as that it's common for the master cylinder to die after 20+ years. It's not uncommon for a caliper to fail and jam up... it is very uncommon for more than one to do it at the same time though, or all 4.
Also, WD40 is a degreasing agent containing lubricants and solvents... most of which you want far away from brake pad material. Only use brake cleaner to clean brake components because it evaporates without leaving a residue and doesn't react with brake pad material (as far as I know!). Grease all the slider pins with high temprature brake grease. Brake pad material is like a sponge... keep anything and everything liquid away from it.
Anyway, I would recommend replacing the master cylinder and servicing all of the calipers; clean them up, regrease all the guide pins and put it all back together. You don't need to remove the calipers from the car to do this (it does make it easier though)... just clean up any rust scale and dirt that might inhibit the sliders from moving and regrease any parts that do move.
If you can move the pistons in the caliper (a big C-clamp works best) and there is no brake fluid present around the seals in the caliper, the caliper does not need to be rebuilt and rebuilding them will not fix your problem or make them work better.
I have read that the ABS block can clog up and cause wheels to lock... but your problem doesn't exhibit the same symptoms those people experienced. The only successful remedy to this was to replace the ABS block with a good one... I don't think this is your problem though. Search around if you want though because there's several threads on this.
On a final note, it's not worth your life. If you HAVE to drive the car and you're not 100% sure you can fix the problem, find someone who can and pay them to.
I hope this helps, good luck.