lol, its funny to see how little people know about loops.

generally a loop is just what is sounds like. My favorite loop is this little bit of BASIC code:
CODE
10 GOTO 10
QUOTE
Calculon: Have you got an extra GOTO 10 line? I said I don't need a bender.
Of course that loop is not very useful in most programs.
A loop is a bit of code the repeats. In a FULL LOOP you will have the following:
An initialization step
An exit condition.
An "increment" step
A loop block
A classic for loop tend to be a good example since it has all the parts:
for (initialize; condition; increment) {
loop block
}so a loop in C might look like this:
CODE
int i;
for (i = 0; i < 10; i++) {
printf("I can count to: %d", i);
}
Now most loops have all of these parts. They can be hidden away but they are normally there.
So, in the for loop I used 'i' as a LCV (loop control variable) as cdbitesky pointed out. Most loops have this variable, it is initialized in the initialization step, it is the one that is in the condition, and the one that changes in the "increment" step.
the increment step may or may not actually "increment" the variable -- the point is, that in this step the value of the variable changes (making it possible for the exit condition to exist).
so lets take another stupid loop, lets say that we have a function (mousePress()) which returns true if a mouse button has been pressed, else it returns false:
CODE
while (!mousePress()) {
print "press a mouse button will ya!!!"
}
In this loop things are all hidden from us... the initialization step is actually just a logical idea that function mousePress() returns false while no key is pressed... the "increment" step is inside the function as well, its whatever mechanism changes the return value of the function when a mouse key is pressed. The condition is the only real visible step.
Not all loops actually have all the steps, some loops have multiple versions of some of the steps. Many loops will mix arround the order in which the steps occur (for example a while-loop vs. a do-while-loop...).