An LED, or light-emitting diode, produces light when current flows through it in the correct direction. Blinking one is the traditional first electronics project because a simple circuit and a short program produce an immediate result you can see.
You will build a breadboard circuit in which Raspberry Pi Pico GPIO 15 controls an external LED. A 220 ohm resistor keeps the current at a safe level, while a MicroPython loop turns the light on and off every second.