Points to a domain name, which then resolves to the resource.
www.mysite.com -> elb-123.amazonaws.com -> (DNS resolves) -> 54.123.45.67
Two steps. CNAME just points to another name, not directly to IP.
www.mysite.com -> elb-123.amazonaws.com
blog.mysite.com -> myblog.wordpress.com
app.mysite.com -> external-app.com
AWS-specific record that points directly to AWS resources.
Points directly to the AWS resource itself, Route 53 handles the IP internally.
mysite.com -> Alias -> Load Balancer (Route 53 knows the IP automatically)
One step. No extra DNS lookup needed.
mysite.com -> Application Load Balancer
mysite.com -> CloudFront
api.mysite.com -> API Gateway