This error means that you need to update your computer's video card drivers.
1. Open your Control Panel and browse to Display Settings> Appearance> Advanced. One of the tabs in this window should show the name of your video card manufacturer.
You can also download and run a tool that will identify your card type and prompt you where you can download the latest update here.
2. The video card will usually be made by either Intel, AMD (ATI/Radeon), or nVidia. Each of these manufacturers have websites where it's easy to detect and download the right driver update for free.
Once you've installed the latest drivers, the error should disappear.