DHT inhibitor (more accurately a 5ar inhibitor): A drug that inhibits the 5ar enzyme (this enzyme is responsible for converting testosterone into DHT).
Androgen Receptor blocker: A drug that prevents androgens (such as DHT) from BINDING to the androgen receptor.
To give you an overall picture:
The main known factor that causes Androgenetic Alopecia is DHT. Free roaming testosterone infuses into hair follicles cells from the bloodstream. The 5ar enzyme then converts the testosterone into DHT. The DHT (along with any other androgen) binds to the androgen receptor which then signals the cell nucleus of the presents of androgens. The cell nucleus then "expresses" certain genetic code that has a negative effect on the growth of the hair follicle; The hair follicle atrophies and, eventually, dies permanently.
BTW, the only "lame" question is the question that isnt asked. There is nothing to be ashamed about when trying to understand the male pattern baldness process! I asked the same questions when I was new to this.