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Jul 31, 2012 12:41 AM in response to rumisyedby Knucklesmac,When you boot holding the option key, and you only see a padlock, that means that there's a firmware password set.The firmware password prevents you from booting from other media.
Here is a link providing further details about firmware passwords.
http://support.apple.com/kb/HT1352
It's not going to be easy to rest. If you know who or where you brought this laptop, I would suggest going back to them for the password.
If you brought this as a non-working parts only iBook, then clearly the seller doesn't know the password and has been unable to reset it.

