Bungee jumping is an activity where someone jumps from a high structure, like a bridge or building, while attached to an elastic rope. It requires safety measures and multiple people, including one person jumping, one above, and one below, to ensure a safe jump without risks. While some tourists and locals in Baños, Ecuador practice bungee jumping, the author does not want to try it because they believe it is too dangerous and could damage the body or cause injuries like eye damage.