Well, get yourself a good basic cookbook (with pictures and explanations of terms) and learn! I taught my two older sons to bake when they were in high school. They were motivated because they wanted something sweet one time some friends were coming over. I taught them how to make my Buttermilk Cake (a delicious Pound cake) and Chocolate Chip Cookies. Since going to college, they cook for themselves and friends. I got my 19 yr. old soph. at Carnegie Mellon a wok, chef's knife and other cooking stuff for his birthday (his request!).
And in honor of Cookie Exchange Sunday, I'll be teaching my 11 yr. old son and 13 yr. old daughter to bake cookies (my Fruit Cake Cookie recipe which I'll post in a little while). So use this opportunity to get some good recipes and AMAZE your friends!