Adjustments
Compression
The blue knob on the top of the fork - compression adjustments restrict how freely the fluid moves through the damper via ports and shims. The more restriction, the more firm your shock will feel. Depending on the manufacturer, compressions adjustments will have a fully open or soft setting and on the opposite side of the spectrum, a firm or even locked out setting, plus additional settings in between the two for fine tuning to personal preference.
Air Pressure or Coil
Air pressure or metal coils work in tandem with the compression settings and are the main dictator of how the shock will ride in terms of sage, softness, and firmness. A coil is non-adjustable but can we swapped for different stiffness. Air pressure, depending on the style and manufacturer, can be adjusted at the top or bottom or both of the fork.
Rebound
Rebound works in the same way of compression, but with the opposite effect. After a shock is compressed it will rebound toward its starting position. The rebound adjustment uses ports and shims to restrict the flow of oil in the damper to slow or speed up the rate of rebound.