Found myself in the same situation a few weeks ago.
CW = Cool White
NW = Neutral White
WW = Warm White
RB = Royal Blue
B or BB = Normal Blue
Star = little mounting plate for an LED emitter. Makes soldering and mounting easier for DIY (Do-It-Yourself) LEDs
Optic = focuses the light from an LED so it's less of a flood and more of a cone. Can help light penetrate deeper tanks, or increase intensity for SPS. Can cause spotlighting effects if used inappropriately.
Driver = LEDs require a current-regulated power source. Meanwell and BuckPucks are common drivers. Typical LED currents are 350mA or 1W (cheap/old emitters), 1A or 3W (typical), 1.5A (newer emitters), and 3A (newest top-of-the-line emitters).
LEDs are usually about 3.6 volts each. A 12V power supply/driver can drive 3 LEDs wired in series. A 24V supply/driver can drive 6, etc. Thus most installations require more than 1 driver.
Some drivers are dimmable; dimming is nice because full-power LEDs can be so intense they bleach corals. Also, putting white and RB on separate dimmable drivers can allow you to dial in any color temperature you fancy. Dimming drivers also allow sunrise/sunset effects when used in conjunction with a reef controller.
Par30, Par38 = describes a "bulb", i.e., a round screw-in housing that holds 5 LED emitters, a driver, and a heat sink. Much easier than DIY but I've never seen a dimmable Par3x.
HTH