Lisp and Scheme are dialects of the Lisp programming language. Scheme is favored for teaching due to its simplicity. Key features of Lisp include S-expressions as the universal data type, functional programming style with first-class functions, and uniform representation of code and data. Functions are defined using DEFINE and special forms like IF and COND control program flow. Common list operations include functions like CAR, CDR, CONS, LIST, and REVERSE.