Let $R = F[x_1,x_2,\ldots]$ (polynomials in an infinite number of indeterminates) and let $I = \{f \in R : f(0,0,\ldots) = 0\}$. One can easily see that this is indeed an ideal.
The proof for why this is not finitely generated was presented to me in the following argument. Suppose it is finitely generated. The one can write $I = \langle r_1,\ldots,r_k \rangle$ for some $r_i \in R$. Then pick $\ell \in \mathbb{N}$ such that each $r_i \in F[x_1,\ldots,x_\ell]$. Then $x_{\ell+1} \in I$ so $x_{\ell+1} = \sum f_i r_i$ and hence (here is where this gets messed up) we can write $1 = \sum (f_i/x_{\ell+1}) r_i$ therefore $1 \in I$.
So, why does one have $x_{\ell+1} \mid f_i$ for each $i$?
Note that all of the $r_i$ are in the ideal $I$ and so $r_i(x_1, \ldots, x_l)$ are zero for $(x_1, \ldots , x_l) = (0,\ldots, 0)$. Now in the equality $$x_{l+1} = \sum f_i r_i$$ plug $x_1 = \cdots = x_l = 0$ and $x_{l+1} = 1$ and get $1=0$, not possible.