>>8 Ask and ye shall receive
1) NEVER NEVER EVER plug in an unknown usb into a computer you care about. NEVER. EVER.
2) If you want to know what it does, the safest thing is to keep a disposable computer. What I mean by that is a computer you NEVER EVER EVER use to access anything personal. No facebook. No email ABSOLUTELY NO BANK ACCOUNTS. It's a computer just for doing potentially dangerous things.
3) If you can't afford a second computer, you can boot a Live OS (a temporary use OS that stores everything in RAM) so even if it's compromised your computer isn't. HOWEVER THIS IS NOT COMPLETELY SAFE. There is always the possibility of the USB key containing a BIOS rootkit or something like that, which will still affect your computer after booting back to the main OS. The odds of that are much lower, but don't take the risk if you don't have to.