Progressive waves are characterized by their ability to transport energy through a medium, as demonstrated by the ripple created when a whip is snapped. In contrast, stationary waves, formed when waves reflect off a boundary, create fixed points of no motion (nodes) and points of maximum motion (antinodes). The discussion also highlights that higher overtones dissipate energy more quickly due to their higher frequency, which leads to more vigorous interactions with air molecules. Additionally, the conversation touches on the nature of electromagnetic waves, clarifying that they can also form standing waves under certain conditions. Understanding these differences is crucial in fields such as acoustics and electromagnetism.