In this lesson, students will learn about the essential tools used in soldering, including the soldering iron and its stand. The instructor emphasizes the importance of using the soldering stand to avoid accidents, as the iron heats up to very high temperatures. Students will also be introduced to the solder itself and the cleaning sponge used to maintain the soldering iron. Additionally, methods for correcting mistakes, such as using a soldering pump or disoldering braid, will be explained for effective solder removal.