Original: The Three Jewels, also called the Three Treasures, the Three Refuges, or the Triple Gem, are the three things that Buddhists take refuge in, and look toward for guidance, in the process known as taking refuge.
Simplified: The Three Jewels, also called the Three Treasures, the Three Refuges, or the Triple Gem, are the three things that Buddhists give themselves to, and in return look toward for guidance, in the process known as taking refuge.