no worries, i give you props for trying to root using this method without knowing what a nandroid backup is.
It makes an exact image back up of your phone. So if you were to restore it it will return your phone to that point in time, restoring all of your apps, data, ect.
:\ I'm a noob with this rooting and custom ROM stuff. Is this something that a someone with no experience with rooting shouldn't be getting into?