Forum Moderators: Robert Charlton & goodroi
The link text is the title of your page as defined in the title meta tag. Look at your source code at the top.
The description is a snippet from your page which contains the search phrase... (difficult to control what they show)
If the search phrase is not on your page but you appear in a results page anyway (perhaps your site will qualify because of relevant links in) then google uses the meta description tag or sometimes a dmoz description (if you are listed with them).