Phasers are similar to Perl5 special subroutines like BEGIN and END, but provide more granular control over the program execution lifecycle. There are phasers for different phases including program execution, blocks, loops, exceptions, and asynchronous code. Block phasers like PRE, ENTER, LEAVE, KEEP, and UNDO trigger at different points in a block's execution. Loop phasers like FIRST, NEXT, and LAST trigger for loop execution. Exception phasers like CATCH and CONTROL handle exceptions. Asynchronous phasers like LAST, QUIT, and CLOSE trigger for asynchronous code. Phasers provide a way to execute code at specific points in a program's runtime.