Problem with WAMP and MyBB

[Jordan L.]

So, I got this error before installing MyBB on my WAMP Server:

Code:

MyBB
MyBB Internal Error

MyBB has experienced an internal error and cannot continue.

Error Type:
    (8192)
Error Message:
    Function set_magic_quotes_runtime() is deprecated
Location:
    File: C:\wamp\www\betaboard\inc\class_core.php
    Line: 163
Code:
    160.             $this->strip_slashes_array($_GET);
    161.             $this->strip_slashes_array($_COOKIE);
    162.         }
    163.         set_magic_quotes_runtime(0);
    164.         @ini_set("magic_quotes_gpc", 0);
    165.         @ini_set("magic_quotes_runtime", 0);
    166.
Backtrace:
    File     Line     Function
    C:\wamp\www\betaboard\inc\class_error.php     171     errorHandler->output_error
    [PHP]           errorHandler->error
    C:\wamp\www\betaboard\inc\class_core.php     163     set_magic_quotes_runtime
    C:\wamp\www\betaboard\inc\init.php     51     MyBB->MyBB
    C:\wamp\www\betaboard\global.php     19     require_once
    C:\wamp\www\betaboard\index.php     18     require_once

Please contact the MyBB Group for support.

I tried installing anyway, and it worked. I then finished the isntallation, and went to the Forums and once again got that error.. anyone know why this is happening and how to fix it?