Reproduction of an audio (stereophonics) or a video (stereoscopics) signals, through two separate channels.
Disambiguation:
Stereophonics - related to audio transmission, where an audio signal is "split" in two channels, typically right and left, since the intent is to give the human ears a sensation of multiple sources of sound.
Stereoscopic - Analog to stereophonic, but applied to images and video signals, with the intent to create 3D images.