Not a dumb question at all - if no one has ever told you what it is, how can you know?
Registration is a special colour you can't delete and will always appear on every plate of a job. So if you've got a file that only uses magenta and cyan, for example, then you pop a line or something on it in 'registration' and print seps that line will appear on both the cyan and magenta plate.
Even if you've got a 5 colour job - say CMYK plus a Pantone special - anything in registration will appear on all plates.
It's used for the crop marks and registration points XPress adds when seps are made.
However you shouldn't use this colour for anything other than printer's marks - no printer wants 100% of every colour in an area. So if you want a deep black, don't use registration (100% of each of the 4 CMYK colours is too much) just make a custom black with, say, 40% cyan and 100% black (k).
Ok?
Greg
I think therefore I am, you're pink therefore you're spam