HELP & SEO (Search Engine Optimization)?

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I have an interview on Monday for a SEO internship. I don't think it's even something I can do and I expressed my concern to the owner of the company after I made contact with him telling him I didn't have much/if any experience in this area. Amazingly, he still wants to meet with me... I am a general BS Business student with a minor in Marketing, so I dont know what to do?!?!

What do I need to know about SEO?!?!?! Please help anyone who knows what SEO is...

oh and my faculty advisor who set this up said "it's easy and research it before you meet with the guy" ... excuse me, what, he also told the guy I was perfect and I dont even know what this is...

PSS hes the only internship person who responded to me... so its my only shot to intern for a company before I graduate...

any help is great!!! Thanks yahoo world!