Construction:
BG MICRO has a datasheet available here under their old kit number (http://www.bgmicro.com/pdf/kit1019.pdf) which shows the connections. You have 2 choices when building your geophone. You can built is as received or you can modify the display board to better suit your needs.
Build 1 (As received)
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Build 2 (Alternate)
Note Build 2 requires some desoldering skills.
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For more customization you can desolder the leds and extend them to the enclosure in any pattern you like. There are also other things that can be done with the output to include adding audio feedback etc.
How to use this device:
This device can be left in places where you can see it on camera to record its reaction. When you hear pops, bangs or footsteps, you can see if they noise actually came from a physical reaction in the environment. This device can also be used to detect other forms of vibration to include earth tremors, trains passing etc so consider it a multipurpose tool and learn how it reacts to its environment.