It's telling me to right click to display the waveform then it drops down a menu, and i dont know which option to pick in order to actually display the waveform
The display option isn't going to do anything to your clip so just go ahead a try each. If you're worried about messing up a project then start a new one just for your tests.
I'm not avoiding giving a specific answer as there are other variables such as whether or not you have chosen to show audio on a separate track etc (done under Program settings -- 'Y' key shortcut).