Yeah, press ALT+F3. You should be given an unix-style login prompt, so enter your username and password there. From there you should be given a shell (a program that allows you to enter commands, sort of like windows' cmd.exe). Enter these commands and press ENTER (or Return) after writing each one (you will have to enter your password when it shows something like [sudo] password for USERNAME. Note that the password will not show when you are typing it!):
sudo apt-get update
sudo apt-get -y dist-upgrade
sudo apt-get -y install fglrx
Then reboot your computer using this command:
sudo reboot
See if this works :)
If this does not work, try going back to the 3rd terminal (ALT+F3), login, and enter this command (pressing ENTER after you have typed it):
sudo apt-get -y install lxdm
This will show a DOS-like dialog after a bit. If lxdm is not selected, select it by using the UP and DOWN arrow keys, and press ENTER to accept that selection. Then reboot using the same command as before (sudo reboot).
If this still doesn't work, go back to the 3rd terminal (ALT+F3), login, and enter this command (same procedure):
sudo apt-get -y install lubuntu-desktop
This will install a much lighter desktop environment which should work for now (should enable you to login and use your computer). Once that is done, reboot (sudo reboot), and when you are confronted with the login page, select the Lubuntu environment instead of Ubuntu.