Being a Linux newbie (I started fiddling with it a few days ago) I have MANY questions, but for the sake of however is reading this, I will list only three...

First, I read that you can change the text displayed on the LILO boot menu, but now I can't find where I saw that. How can I change the options to say something else?

Second, is the 'terminal' simply the Linux equivalent to Windows 'command prompt'?

Third, on the LILO boot menu I have the following options:
linux
linux-non-fb
failsafe
windows
floppy

What is 'non-fb'?
Is the 'failsafe' similar to Windows 'safe-mode'?

I GREATLY appreciate any help.