What exactly is the "Version Name" to be used for?

Hi -
I just picked up Aperture and have been trying to figure it out. And to be honest, I'm pretty darn OCD about photo organization - which is one reason Aperture appealed to me more than iPhoto, which I've been using forever.
So I've literally been going around tagging all 4000 photos I've imported, but I'm wondering what the "Version Name" is supposed to be for. I've been told this is very important for when you create new versions from the master, that they should all be different. However the majority of my photos are just old high school photos and whatnot that I could care less about touching up ever.
So then what exactly should I do with the "Version Name"? Is this supposed to be a specific name (such as, "dan at the beach, edited", etc) or should I just called them something like "original" or "master"? Does this affect the actual filename? What is the general usage of this?

it's basically the name of the photo. it's the name/title that will appear in your albums, books, etc. if you have more than one version of a photo, you might use different names to distinguish them; eg, adding 'B&W' for black and white versions, etc.
many people; myself include; use 'caption' for descriptions.

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