Conjunctions are linking words that join parts of sentences together. There are three main types: coordinating conjunctions connect equal parts of sentences, subordinating conjunctions link dependent clauses to independent clauses, and correlative conjunctions work in pairs to connect elements of equal importance. Some common conjunctions include coordinating conjunctions like "and" and "but", subordinating conjunctions like "because" and "when", and correlative conjunctions such as "either/or" and "both/and". Conjunctions are important for constructing clear and coherent sentences.