Comp sci 101. Learned it my first year. There really isn't anything to it. It just describes how the number of operations grow as the number of inputs in your algorithm increases. It looks scary, but it's very simple and straightforward.
It can get a lot more complicated though. At times there are more parameters to an algorithm's complexity than just `n`. E.g., the parameters for big-O might be `n`, `K`, and `ρ`, and some expressions in the big-O might involve combinations of those parameters.
In such cases as well, one might know for a specific application of the algorithm that, for example, `ρ` is bounded, and so the big-O becomes more influenced by the `n` and `K`.