Wire and bar drawing is a metalworking process that reduces the cross-sectional diameter of metal by pulling it through progressively smaller dies. It involves heating the metal, pointing one end, gripping it with pull-in dogs, and pulling it through dies made of materials like tungsten carbide or diamond. Wire drawing uses multiple dies in tandem and winding drums to continuously reduce the diameter, while bar drawing uses a single die. Proper lubrication is important to maintain surface finish and die life during the drawing process.