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It has an i5, 6GB of RAM, 750GB HD, WiFi, and of course a DVD Burner. This was in all a $600 laptop. With a 2 year warranty and a slew of extras it ended up being shy of $1,000. This is a very good laptop. While it doesn't compare to my main computer that I am on now it is more than enough for any college student.
So the more GB a computer has the better and faster it will perform. My laptop has 84 GB, that's how much space it has, since it has lots of programs installed in it, inculding limewire, msn messenger, and other stuff, it now has only 60 GB free space. So GB is the amount of space in a computer's memory.