They are ways to link new information to familiar locations so you can remember them. Both rely on making vivid mental images.
Loci or Journey Method: take a mental walk through a familiar place and "put" the items to remember in spots along the way. For example, you could remember that you needed to buy milk, bread, and eggs by "putting" milk in your mailbox, bread on your walkway, and eggs on your front door.
Peg Method: several different rhymes that help you remember a "peg" that you "put" the remembered item on -- see the link below.
One example of a peg system is to remember 10 items on a list. You first memorize a rhyme for the numbers: 1 is a bun, 2 is a shoe, 3 is a tree, 4 is a door, 5 is a hive, 6 is a stick, 7 is in heaven, 8 is a gate, 9 is a vine, and 10 is a hen. Then you make a vivid mental image of each item in the proper number. For example, if you want to buy milk, bread, and eggs with this system, you remember a carton of milk between the two halves of a bun, a loaf of bread inside of a shoe, and eggs hanging from a tree.
Both rely on vivid mental images to remember a list of items, and both use images of familiar things to help you remember the new items.
For remembering a long list of unrelated items like a grocery list, the best way to remember is to use a mental image mnemonic like a loci or peg list. Loci: put one item in each part of a familiar location inside your mind, then take a mental walk. For example, you could use your house - put milk in the sink in the bathroom, eggs on the television, margarine in your video game, etc Peg: use a rhyme like 1 is a bun, 2 is a shoe, 3 is a tree, 4 is a door, 5 is a hive, 6 is a stick, 7 is in heaven, 8 is a gate, 9 is a vine, 10 is a hen. Put a carton of milk between the halves of a bun, eggs in a shoe, margarine hanging from a tree, etc.
a peg. or a tuning peg
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Peg laterals are hereditary.
PEG 400 is not toxic.
Peg Hob Tee
peg or tuning peg