The _SD card slot_ is exactly what its name implies - it's a slot you can insert an SD memory card into. Most people use this to copy photos from SD memory cards they use in their cameras. It will only fit SD memory cards. Of course, you can also use SD memory cards for other purposes, such as file storage.
_The ExpressCard/34 slot is totally different._ ExpressCards provide additional interfaces for external devices. This is a newer version of what used to be known as PCMCIA, PCCard or CardBus. Very often people use ExpressCard/34 cards for additional FireWire or USB ports; or to add an eSATA port; or modem or wireless networking, etc.