The document discusses the principles of fluorescence and phosphorescence. Fluorescence occurs when electrons in an excited singlet state fall back down to the ground singlet state, emitting a photon. This process is fast, taking 10-12 seconds. Phosphorescence occurs when electrons in an excited triplet state fall to the ground singlet state. This is a spin-forbidden process and is therefore slower, taking up to hours. Applications of fluorescence include drug analysis and studying drug-protein binding. Phosphorescence has applications in signs, toys, and molecular spectroscopy.