Here's how it works:
* Lower magnitude numbers indicate brighter stars. So, a 1st magnitude star is brighter than a 2nd magnitude star, and so on.
* The system is logarithmic. This means a difference of one magnitude corresponds to a brightness difference of about 2.5 times.
* There are negative magnitudes. The brightest stars in the night sky have negative magnitudes, like Sirius (-1.46).
So, while there's no specific name for a first magnitude star, you can say it's a "bright star" or refer to it by its specific name (like Vega or Altair).