Balsam of Peru is like a medicine made from a special tree. This medicine comes from a tree called Myroxylon balsamum. When you cut the tree, a special liquid comes out, like sap, that can be used to make the medicine.
Some people like to use this medicine because it makes things smell nice and it can help heal your skin when it's hurt. But some people can be allergic to the medicine and it can make them very sick. So it's important to use it carefully and only if your doctor says it's okay.
Overall, the balsam of Peru is a special medicine made from a tree that can help us smell good and feel better, but we have to be careful with it to make sure we don't get sick.