Draw and Fade are both types of shots that you are able to take using a golf club, and both shots help to put a small amount of sidespin on the ball once it has been hit.
Ultimately, this type of shot will lead the ball to land slightly off-center, and whilst too much sidespin is a bad thing, both draw and fade shots provide a slight side-to-side type of movement that can actually be rather beneficial, and is sometimes better than hitting it straight altogether.