Is that in admin cp? What Im talking about is globally changing every instance of the word album on the site. Is there some variable that I can just change one time?
Every instance?? Including posts? I think only a search-and-replace on a db backup would do that (or a fancy SQL query).
But if you just want to change it in a few places, vb is designed with everything in Phrases (so one can change the language easily). Just search in AdminCP>Languages and Phrases.