Hey BN,
Well that makes two of us!
Most the time I don't know what I'm talking abt, either!
...follow me here...
You can true your bike wheel by spinning the wheel and seeing how it might hit one of the brake pads, right? kinda crude, but it helps...
Of course it's btr to use a fancy truing stand!
or, you can clamp a small piece of wire to the seat stay, or chainstay of your bike, and use that. the wire, bent into one position will give you a guide to see if the wheel is egg shaped. with the wire to the side of the rim, where the brakes make contact, it will tell you how far the rim is out side to side.
you can use this method to check your rear drive sprocket.
...if your sprocket is off center and running in an egg shape, in relation to the axle, it will be tight, then loose, during a single rotation.
...a power robber, and u will notice vibration, and the chain 'strumming' like a guitar, but not so nice.
if the side to side is out of 90 degree plane with the axle, it will wobble...
this, or the other, will cause the chain to come off at a bad moment.
did that help?
I think I got one pic posted over in the DeathDoll post, but I dunno...
I use copper wire, but anything will do to get it close enough for our purposes.
I'm sure Lance Armstrong has someone use a dial indicator on his bike wheels.
Sry I can't do diagrams yet... I'm still at the finger painting level.

and there's really MUCH btr wheel guys than me... I just talk a lot.
Best
rc