The "Five Precepts" are ethical guidelines in Buddhism that help practitioners lead a moral life. They serve as a foundation for personal development and spiritual growth. The precepts encourage individuals to refrain from harming living beings, stealing, engaging in sexual misconduct, lying, and consuming intoxicants. These principles are not strict commandments but rather voluntary commitments that promote mindfulness and compassion. By following the Five Precepts, individuals aim to cultivate a sense of responsibility and harmony in their relationships with others and themselves, ultimately contributing to a more peaceful society.