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Lol limited means you get a set amount of data usage before you have to start paying extra.. usually per megabyte... unlimited means you pay a set amount for as much data usage as you want
Well a song is like 3-10 megabytes usually... a 45 minute video streamed is like 400 megabytes depending on the quality of course... i would strongly reccomend unlimited as it is really easy to go over and it can really add up... trust me lol
To answer his question, the "limited" data plan includes 150Mb of data, after that you pay a per megabyte charge.
The "unlimited" data plan is effectively unlimited, but VZW reserves the right to beat you with an ugly stick if you go over 5Gb in a month, which I haven't heard of them doing.