It's an enormous, free library of just about everything — you can learn to fix a faucet, understand quantum physics, follow a recipe, or pick up a new language, all without paying a cent. For a lot of people it's basically become the world's how-to manual.
It gave anyone with a camera a platform. You don't need a studio or a TV network — creators can build real audiences (and careers) from their bedrooms, which opened the door to a huge variety of voices and niche interests you'd never see on traditional media.
The range is wild: music, tutorials, news, comedy, long-form documentaries, live streams, kids' content, gaming, lectures from actual universities. Whatever oddly specific thing you're into, someone's made a video about it.
And it's convenient — free (with ads), works on nearly every device, remembers where you left off, and the recommendations often surface stuff you didn't know you'd love.