Show Debug Info
Set this SHOW if you want to see the execution details and show debug details. Set this LOG if you want to write the execution details and debug details to the log file.
Debug Level
Select the depth of the details you need to see in the debug output.
Template debug
Enable Template debug setting if you need to check issues with template in storefront and control panel. This will give you a links for storefront and admin with the debug parameter in the URL.