You can control how the file manager displays captions under icons. Click the menu button in the top-right corner of the window, select Preferences, then go to the Icon View Captions section.
When viewing files as a list, you can display Expandable Folders in List View. This shows expanders on each directory in the file list, so that the contents of several folders can be shown at once. This is useful if the folder structure is relevant, such as if your music files are organized with a folder per artist, and a subfolder per album.