CSS (Cascading Style Sheets) allows control over how HTML elements are displayed on different media. CSS saves work by allowing global control of layout and styles across multiple web pages from a single stylesheet. It provides advantages like faster page loads, easy maintenance through global changes, superior styling capabilities, and compatibility across devices. CSS is created and maintained by the W3C consortium and browser vendors implement CSS specifications. Styles are applied using selectors that target elements by name, id, class, and other attributes. Styles can be defined internally, in external style sheets, or inline in elements.