it means your anti-lock system isn't working. your brakes will still work but you won't be able to getanti-lock on ice or wet pavement. Its probably a sh#t load of bux to fix it. I'd just drive it and remember you can't stop as well on ice and water.
Chances are that on your front brakes, driver or passenger side the wires for your abs sensor has broken. take a look and follow the sensor wire and check for broken wires. 90 % of the time it will be the passenger side. This is fixable with wire conectors and electrical tape. It also might be a bad sensor, but check it out!
Anti-Lock Brake Light is on
