One of the limitations with apt-get is that you can not upgrade a single application. Instead, there are two ways to upgrade with apt-get:
1) Do a full upgrade which will upgrade every package on your system.
2) Do a distribution upgrade.
One word of advice here. Doing a major distribution upgrade (i.e. going from Ubuntu 7.10 to 8.04) is not always the best choice. A minor distribution upgrade (i.e. going from Ubuntu 8.04 to 8.10) is generally fine. So if you are running a .10 release in Ubuntu, and you want to upgrade packages, it is best to use apt-get upgrade over apt-get dist-upgrade.