If you don't know what it means, you don't need it.
Do you need a single Internet IP or multiple? The NAT option will give you one Internet IP with which you can just plug in a router and have NAT handled on that, so you can have multiple PCs working behind that single IP no problems.
The no-NAT option will give you an 8 IP block which will provide 5 usable IPs so you can assign these to different PCs. The chances are that you don't really need to do this unless you want to have, say, servers on their own external IP address or something.