Yo need to create a menu link pointing to that item.
Check to see if your site has a hidden menu, if not create it.
Then create a menu item pointing towards that item and call it Privacy policy.

That is js code which is stripped by your editor. That won't really work. It is better to use the editor's link button and point to your desired link.

got ya,

created menu...now how do i make it a hidden menu?

is there a way to stop editor from stripping js code?
what is editors link button... iubena charge a premium for a direct link but they offer embedded link for free

Just name it the way you want and don't publish a mod_menu poinitng to it.
Try to paste that code in your editor's code or plain view.

Depeding on the editor you are using its plugin (you can find it in Joomla!'s plugin manager) has option which tags to strip and which to allow. By default the <script> tag is not allowed.
You have to make sure that this tag is allowed and not stripped.

thank you very much krikor!

i create the menu item "privacy policy" and set it to unpublished? (this way i get 404 error again)

or i create a menu item called "hidden menu" and and point it to menu item called "privacy policy"(also get 404 error)

does this mean i have to change url of privacy policy

The menu item needs to be published.
To recap

Create a new menu (not menu) if the hidden menu is NOT present.
Create a new menu item and publish it. This menu item should point to the K2 item with the privacy policy.

yea i did that but now it shows up on the top menu

i only wanted it so it could be linked to at the bottom of the page

maybe im just not understanding but its okay.. im use to the idea now

The hidden menu should be a menu NOT a menu item.
You can place all the elements that you want a clean URL for them but you do not want them on your main menu.