Waves can be transverse or longitudinal. Transverse waves oscillate perpendicular to the direction of travel, like water waves, while longitudinal waves oscillate parallel to travel, like sound waves. A wave is produced by a periodic vibration or oscillation that transfers energy through a medium from one point to another. Key properties of waves include wavelength, frequency, period, amplitude, and wave speed. Ripple tanks can demonstrate wave properties like reflection and refraction as waves interact with boundaries.