Here's a little more information about each of the items included in the Flex XFE 7-15 and Meguiar's Polish Kit. You can click the link to visit the product page for a full description:
Flex XFE 7-15 Long Stroke Orbital Polisher - long throw, dual action polisher removes imperfections extremely fast
Meguiar's Soft Buff DA Foam Polishing Disc (6") - polishing disc that makes quick work of medium to light imperfections!
Meguiar's Soft Buff DA Foam Finishing Disc (6") - high quality finishing disc to remove light imperfects and leave behind an amazing finish!
Meguiar's Ultra-Cut Compound M105 (8 oz) - very effective polish at cutting through deeper imperfections
Meguiar's Ultra Finishing Polish M205 (8 oz) - removes swirls and light imperfections on any type of paint
Lake Country Snappy Clean Boost Pad Cleaner - a citrus degreaser designed to help release product and contamination from foam pads