The STL contains containers like vectors and lists that organize stored data, algorithms that process container data, and iterators that access container elements. Containers include sequences, associative containers, and derived containers. Algorithms perform operations like sort, copy, search and merge. Iterators are generalized pointers that move sequentially through containers and dereference elements using operators. There are different iterator classes like forward and bidirectional iterators. Input and output iterators are specialized for reading from and writing to devices.