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As explained by Arduino to Go, each color band on the resistor corresponds to a number but this can differ depending on the band's placement. It's not complicated, but the sheer number of colors ...
Click Sketch > Verify / Compile to make sure the code is properly in there. Save the file and then attach the Arduino to your computer with the USB cable. Click File > Upload.
The electronic design of the Basic Stamp is simple, yes, but there’s a method to the madness. The code you write for the Basic Stamp is stored in 256 bytes of the EEPROM.
You've no doubt heard of Arduino by now, but there's no great shame if you don't know much more beyond that. And if you're curious, Bob from I Like to Make Stuff has a great, quick, just-the ...
The BASIC interpreter eats up around 600 bytes in the Arduino RAM, leaving about 1.4 kB for BASIC code. Not much, but more than the lowest-end BASIC Stamp.