Viscosity is a measure of the resistance of a fluid which is being deformed by either shear stress or tensile stress. In everyday terms (for fluids only), viscosity is "thickness" or "internal friction". Thus, water is "thin", having a lower viscosity, while honey is "thick", having a higher viscosity. Put simply, the less viscous the fluid is, the greater its ease of movement (fluidity).
Viscosity describes a fluid's internal resistance to flow and may be thought of as a measure of fluid friction. For example, high-viscosity felsic magma will create a tall, steep stratovolcano, because it can not flow far before it cools, while low-viscosity mafic lava will create a wide, shallow-sloped shield volcano. All real fluids (except superfluids) have some resistance to stress and therefore are viscous, but a fluid which as no resistance to shear stress is known as an ideal fluid or inviscid fluid.
The study of flowing matter is known as rheology, which includes viscosity and related concepts.