Materia is what powers the world of Final Fantasy VII... well, the Magic aspect at least. There are four types of Materia, Magic, Support, Command, and Independant. Magic, well, the name says it all. It lets you cast Magic. Support, again, the name says what it does, it supports other Materia. Command Materia adds "Commands" to the Battle interface (Example: the Steal Materia will add "Steal" to the battle interface, Mug if it has 2 or 3 stars.). Independant Materia is, well, independant. It can give bonuses to gil or exp earned each battle, can boost stats, can counter enemy attacks, can protect other teammates, it can do a lot.
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