The vector parametric form is one way to write the equation of a surface. An equation of the form f(x,y,z)=0 is another way. The parametric way is written as a vector function and the other way as a scalar equation. Your vector representation is equivalent to your three equations: x=u, y=v, z=(1/2)v. In this case there is the relation y = 2z which is independent of x, which can be anything. You would normally write the equation y = 2z. The other variable, which is now missing, can be anything. This is characteristic of a cylindrical surface -- it is just the plane formed by taking the line y = 2z in the zy plane and extending or "sweeping" it in the x direction.
[Edit] typos