If I'm reading it right, the black line is the best fitness in a given generation, and the green line is the average fitness.
There is a great discussion of this (and a further mapping of fitness functions and evolutionary algorithms to a 2-dimensional "fitness landscape") in The Origin of Wealth by Eric Beinhocker - http://www.amazon.com/Origin-Wealth-Evolution-Complexity-Eco...
Absolutely phenomenal exploration of complexity economics.
Nope it's a lot simpler than that as said above. Basically the x axis is generation, y axis is distance. The black line is the max and the green line is the average.