Microsoft has published what is a typically-simple, top-layer look at what the authors position as important information for parents to help them protect their kids online... But, while it's certainly a start, it won't get parents far enough.

If parents want to have a better understanding of what kids do online that can get them in trouble, there are other better, more complete resources out there for both kids and parents. Remember that learning together will prevent many problems, and creates a communication "common ground" for families in an area where kids often have the knowledge advantage.

But - if you're completely lost when you see words like "133t5p33k" or "!337$p34k," this short article at microsoft.com is geared toward you.