-- A star has a high absolute brightness: It's a very bright star. You'd see that if you were close enough to it.
-- The star has a low apparent magnitude: When you're in your back yard looking at it, it looks very dim. Maybe it's so dim that you can hardly see it.
-- If this is the SAME star ... it's actually very bright but from your back yard it looks very dim, this means that the star is very very very very far from Earth.