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In this video tutorial, Daniel Chan discusses the concept of three resolutions in homological algebra, emphasizing the importance of exact sequences. Exact sequences are defined as complexes with no or trivial homology. The video focuses on defining exactness in the context of modules over a given ring. The sequence of modules and maps between them are explored in order to understand what it means to be exact in this setting. The notion of exact sequences is crucial for collecting syzygy information, as explained in Hilbert's syzygy theorem.