I'm just trying out this software, but I have no idea how to use it. What I want to do is take a ripped wav file and tweak it to the programs full potensail. So the wav can sound it's best when burned to a cdr. What do you guys recomend?

if you obviously not the slightest idea of what you doing, why would you want to do so then?
what do you mean by 'tweak it to the programs full potensail'?
basicly, you plan to remaster your song(s)? are you not happy with the sound? well, more is not always better.
if you had have some problems with the wav (e.g. click & crackles, background noise etc) you could _repair_ it. in that case, you'll have to give additional infos on the subject.
if you 'just' want to play around with some l337 appz to see how it goes, RTM and do a bit of reading first I would say.

My first trial is always the clip restoration, applied on some of the many squashed records.

Well I was really wondering if anything can be done to a wav file to make it sound better. Like a one click type of solution. Which would apply corrections of any kind, that the program thinks the wav might need. That's what I meant be tweaking. I don't have the lingo down, so I hope that this can clear it up a little bit. Or I'm open to any ideas that some of you might think I should do to the wav file. Sort of like a have to type of correction before I burn to cdr.

I think the producers and engineers (clipression lovers notwithstanding) know what they're doing when they "tweak" the sound.

It's not that anything with this issue is so simple like a 'one-click'. Even if you're skilled in audio editing (I hope I am...) it's often the best to do nothing, since normally you only make it worse. If you choose to do something (no matter if it's declicking, clip restoration, noise reduction or whatever), you need lot of time to do it properly. And it's often the better choice to not let the program choose any settings, processes etc (like you want) , do it yourself.

Okay, then it's best to leave well enough alone. I just wanted to double check with you fine folks. Thanks precisionist for posting, now I really understand.