This video discusses homophones and homographs. Homophones are words that sound alike but have different meanings and spellings, such as won/one and there/their/too. Homographs are words that have the same spelling but different meanings depending on context, such as read, tire, and tone. Examples of homophones include see/sea and meet/meat. Examples of homographs include bow, scale, and scale. The video provides these examples to help explain the differences between homophones and homographs.