Why would you want to reset your ipod?
You would want to reset an ipod because it is either frozen or nothing will show up on your ipod.
How do I reset My Ipod?
To reset your ipod all you need to do is press and hold the center and menu button for about 4-6 seconds and the apple will reset and show the apple logo.
Why would I want To format/restore you Ipod?
If you want to delete every peice of content on your ipod the quickest way to do that is by formatting it.
How to Restore it?
If you want to format your Ipod just hook it up to your pc or mac with the 2.0 USB cord and opens itunes. Go to your Ipod and around the top left you should see a button stating "Restore your Ipod" and your off to the races.