$$x = t^2 + t\qquad y= 2t-1$$
So I solve $y$ for $t$
$$t = \frac{1}{2}(y+1)$$
Then I am supposed to plug it into the equation of $x$ which is where I lose track of the logic.
$$x = \left( \frac{1}{2}(y+1)\right)^2 + \frac{1}{2}(y+1) = \frac{1}{4}y^2 + y+\frac{3}{4}$$
That is now my answer? I am lost. This is x(y)? How is this valid? I don't understand.
The variable $t$ in the parametized equations is "the same" $t$: Both $x$ and $y$ are defined in terms of the same variable $t$.
So in solving for $t$ in terms of $y$: $t = \frac 12(y + 1)$, we can use this "definition" of $t$ by substituting it into the equation for $x$: $$x = t^2 + t$$ given $t = \frac 12(y+ 1)$ gives us $$x = \frac 14 y^2 + y + \frac 34$$ as you show.
This then gives us a function of $x$ in terms of $y$: indeed, $x(y) = \frac 14 y^2 + y + \frac 34$ is a "horizontal parabola".