Hydrogen peroxide is an amazing compound ! The symbol for it is H2O2, and basically, hydrogen peroxide is water with an extra atom of oxygen.
Plants love it, and many people add a little dab of peroxide to the water that they use for their houseplants.
Hydrogen Paroxide also has many health benefits, since it adds oxygen to the body, and kills many harmful bacteria and yeast overgrowths. However, because it is so inexpensive, and no one can get a patent on it, very little official medical research has been done for the healing properties of peroxide.
I personally use it, not only for the usual problem of cleaning out a wound and disinfecting it, but I also put ssome in my ears whenever i feel like I might be catching a cold, or getting sick. I have read that most infections start out in the ears, and if you use the peroxide right away, you can often stop the infection before it spreads. You can always tell if the ear has an infection, because the peroxide will bubble as it kills the bacteria.
I also use it to clean out my nose and sinuses. I put it in an empty nasal spray bottle (which also works perfectly for putting the drops in your ears), and then just spray it into my nose while inhaling.
This stuff will make your nose explode as it kills the bacteria in the nose and sinus, and it usually makes me sneeze. I hold it in as long as I can, so that it has time to loosen up all the junk in the nose and sinus cavities, and then blow my nose. I usually do this twice a day (or more if bad) and it will clear up that stuffed-up feeling, and help you to breathe again.
Here is a great short article that explains even more of the benefits of hydrogen peroxide.
http://educate-yourself.org/cancer/benefitsofhydrogenperozide17jul03.shtml