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In this video, the tutorial discusses the differences between wiping stain and penetrating stain for woodworking projects. Wiping stain is versatile and can be applied to various surfaces, including previously finished wood, fiberglass, unfinished wood, and metal. It features a thicker texture, making it suitable for wood types like maple and cherry. In contrast, penetrating stain is ideal for unfinished interior wood surfaces, focusing more on preserving the natural color and preventing fading. Understanding these distinctions will help in choosing the most appropriate stain for specific woodworking tasks.