hmm - spent many a wastefull youth where you are.
ok. connect a stereo line out into stereo line in on pc.
(hopefully you have a decent sound card)
download the original cool edit 96 (google for it).
record the song(s) using cool. (which also has some mastering features if you know how to use NR, eq, and filtering..experiment !!).
then save as a stereo wave file.
hitsquad.com has a list of cd burning software if you dont have nero.
also if you want to put your songs up on your own song site as mp3's...
get from hitsquad the lame mp3 encoder. just drag your stereo master
saved by cool edit over it and it creates an mp3.
search under my name for lots of other tips posted in past year.
peace.