Everytime I click on the limewire icon, it flashes a error box tat says my loopback connections on the local machine are messing it up or firewall. My firewall isn't, and what in the hell is a loopback connection! Please reply, somebody, thankyou.

You need to make sure that you're only using 1 software firewall & that it's configured properly.
Also try removing your current Java version & reinstalling JRE using the offline installer (point 1 below) & delete LW's preferences folder when LW's closed, points 2 & 3 below.
Fixes for LimeWire

Your modem/router probably has it's own firewall, it might be causing problems too.
Read through the thread below, there's heaps of advice. If you're still stuck, post back with your details. Post #2 below shows the info we need.
Connection problems? Check here first!