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I'm very confused about what equipment I should be trying to get. I keep hearing about spellfire and spellstrike sets, T4, T5, and other stuff i don't remember. I have no idea what this stuff is, or if it's even something I should want.
Spellfire is a epic lvl 70 set that only a spellfire tailor can make and wear. You need to be a tailor and at around lvl 350 (don't really remember) you can choose from 3 different paths. Spellfire, Primal Mooncloth, or Frozen Shadoweave. The spellfire gives you +fire and +arcane dmg and the FSW give's +frost and +shadow. The mooncloth is mainly for priests.
Spellstrike is a epic 2 peice set (head and legs) with good spell dmg and +spell hit. Also a lvl 70 tailor'd set but you don't need to be a tailor to wear them.
Battlecast is another option for head and legs. It has lots more +stam then the spellstrike.
The tier sets are epic 5 peice raiding sets unique to different classes and specs (although the mage only has 1 set). The lvl 70 sets start at T4 and go to T6. T4 parts drop from Curator and prince in Kara, The two bosses in Gruuls and from Mag. T5 drops in SSC and TK and T6 parts drop in BT and MH.
But since all these sets are lvl 70 you don't need to worry about them right now. But take a look at the spellfire if your going to go fire or FSW if your going to go frost at 70. If those are things you want (yes.. you do want them) then keep lvling up tailoring (or get it... yes.. now) so you can start making the cloth you need for your sets when you hit 70.