Kowotie,
Never feel bad about curiosity no matter what someone else may say. IMHO it wasn't curiosity that killed the cat, it was ignorance.
For some, hunting is mainly about killing your prey and since most hunting can be done at short range (300YD or less), reloading for accuracy, accurizing firearms, etc, is a waste of time, money, and energy. In fairness, for some folks, especially coyote hunters, the challenge is to see just how close you can call them in but the resulting attitude is much the same.
On the other hand some of us enjoy challenging our shooting skills as well as our hunting or calling skills and that opens up the whole world of ballistics (and our wallets, LOL). I will pass up most prairie dog shots under 200-300YDs given the option of longer shots (my longest lasered was 703YD with a 22-250) and I bought a WT caller primarily for it's very long range remote function so I could set up to take long range shots on coyotes (I've killed them at 1/2mi with a .308 Police Sniper). I wouldn't take those kinds of shots on game animals but on varmints I enjoy the challenge.
To answer your original questions, Ballistic Coefficiant (BC) is a mathmatical comparison of how well a bullet resists the wind where a .50 BMG (I think) is rated at 1, so a bullet with a BC of .5 (wich is very good) would do half as well.
Drag function is the part of the BC calculation that is defined by the bullets shape.
Azimuth is the angle off of straight ahead, for instance do you need to correct a certain amount (MOA) left or right.
Elevation may be feet above (or below) sea level or how much correction up (or down) is needed depending on where it's used.
LOS is Line Of Sight.
Cant is tghe angle off of verticle that th rifle is held and is needed assuming the scope is leveled to the reciever.
Hope that's what you were looking for.
Good shooting
Leon