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In this video tutorial, the speaker discusses common terms used in software as a service, such as AR, MRR, LTV, and CAC. They highlight the confusion between gross versus net MRR, customer churn versus MR churn, and the importance of understanding SaaS language. The goal is to help new employees grasp these concepts more easily by providing a thorough video explanation. Key topics covered include MRR, expansion, contraction, reactivation, churn rate, and different types of churn. The video also addresses negative churn rate and its benefits, as well as estimating lifetime value and cost of acquisition.