Punctuation is used to regulate texts and clarify meaning by separating or linking words, phrases, and clauses. There are several types of punctuation marks including periods, commas, colons, question marks, quotation marks, exclamation points, parentheses, and apostrophes. Each punctuation mark has specific rules for its use such as using periods at the end of sentences, commas to separate items in a list, colons to introduce a list, question marks for direct questions, and apostrophes to show possession.