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In this video tutorial, the presenter discusses the differences between wiping stain and penetrating stain for wood finishing. Wiping stain is versatile, suitable for various surfaces including unfinished wood, previously finished wood, fiberglass, and metal. It is an oil-based stain with a thicker texture, ideal for woods like maple and cherry. Conversely, penetrating stain is best for unfinished interior wood surfaces. The video aims to clarify the best choice for woodworking projects by comparing these two types of stains in terms of suitability and application methods.