Fiber optics use thin strands of glass to transmit light signals for communication. They have a core that carries the light and a cladding that reflects the light down the core. There are two types of fibers - single-mode for infrared laser light and multi-mode for infrared LED light. Light travels through total internal reflection down the core due to the cladding not absorbing any light. Fiber optic systems have transmitters that encode light signals, fibers that conduct them, and receivers that decode the signals. Fiber optics offer advantages like lower costs, higher bandwidth, lighter weight, and flexibility compared to copper cables.