All - consider setting a corner of a piece of paper on fire. As the fire spreads, surface area increases, and the rest of the paper starts to burn more quickly. Also, the more that's burning and the hotter the paper gets, the faster it'll continue to burn. This reaction is very obviously not in equilibria.
Not the best example; work out the Gibbs energy change for this reaction and use that to calculate an equilibrium constant for combustion. Go, I dare you

Can someone explain what equilibirum actually means? o.O Thanks
When a reaction and its reverse are in equilibrium, they occur at the same rate. There is no macroscopic change. I.e. we all know that water molecules are forming H+ and OH- very quickly but we don't see that happen.
Would it be correct to say that the ionisation constant of water applies to not only pure water but aqueous solutions as well, because if an acid or base is added to water to form an aqueous solution, the equilibrium position will shift accordingly, to maintain the same ionisation constant?
Also I don't quite understand how buffers work.
If you have this generalised reaction of a buffer in equilibrium: (where HA= weak acid and A- = conjugate base.)
HA + H20 <==> H30+ + A-
Why is it that if we add a base (e.g. OH- ions) it will react with the H30+ ions and not the HA itself? 
Thanks!
No one said the ionisation constant of water only held for pure water. It holds as long as water is present in a liquid form. So if there's stuff dissolved, so be it.
As for how buffers work, this is a simpler way to put it. For a buffer to work, HA has to be a weak acid. Do you expect a base would react with a stronger or weaker acid faster?
In any case, if the base reacts with HA first, your equilibrium will shift to the left to use up some H3O+ anyway so the net effect is as if the base reacted with H3O+.