The Elaboration Likelihood Model (ELM) describes two routes to persuasion - the central route and peripheral route. The central route involves thoughtful consideration of arguments and leads to enduring attitude change. The peripheral route involves superficial cues like likability and does not involve deep thinking, so attitude change may not last. The ELM also states that variables like motivation and ability determine which route is used, and a given variable can influence persuasion through different processes depending on the situation.