The Settings Billboard tab contains the following options:
When receiving stream meta output it to the billboard and simple.txt file:
Checking this option means when you are using the Stream Player to connect to another stream, if that contains metadata of the current song, it will be passed through as the current song that you are playing.
Dynamic Meta Textbox
this allows you to see what the current Dynamic meta is and to update it if needed.
Changing the Dynamic Meta will send an update out to your Metadata options as setup in Monitor