The general idea is that there is a "space" where A is true, and a space where B is true. Where they overlap is where both are true. Where they don't, is that portion of the "space" where one or the other is true, but not both.
As an example, you might place "characteristics of horses" in one circle, and "characteristics of dogs" in the other. There are certain "horse" or "dog" aspects that are unique; but others where they're similar.
And, fwiw, my kids go to public school and learned about Venn Diagrams in 3rd or 4th grade....
Ok, now you are talking about 4th grade which was 31 years ago! Let’s be honest: before this post, when was the last time you had a reason to use a Venn diagram (and helping your kids doesn’t count)? Nice graphics, by the way. I suspected that’s what a Venn diagrams was, just for the record. A lot of cobwebs and alcohol have replaced stuff like that in my brain, though.