PowerPoint is a slide show presentation program currently developed by Microsoft. PowerPoint presentations consist of a number of individual pages or "slides" that may contain text, graphics, sound, movies, and other objects, which may be arranged freely. The presentation can be printed, displayed live on a computer, or navigated through at the command of the presenter. Slides can also form the basis of webcasts.
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You may note in PowerPoint an optin to record narration. Show with narrations plays back the audio and changes slides with the timings recorded.
Custom animations can be created within slides for bullet lists, graphic image fly-ins, slide to slide transitions. These animations will not be shown when presented with Show without animations.
I know this is a restatement, but wanted to clarify what animations are. One may want to review content of a presenatation without the added time of animations, so the option is available with Show without animations.