What it is: A "snubber" (terrible terminology btw, IMHO, but we'll go with it for now!) basically adds a resonant circuit part to a previously non-resonant switch or switched circuit, such as those common in switched power supplies and inverters.
Basically, the "switch-on, switch-off, repeat" circuits that drive electrical transformers of all sorts.
Well, take that, add a resonant circuit component to it (which basically "smooths" the immediate presence of a voltage during the on phase and the immediate drop of a voltage to 0 during the off phase) and that's what "snubber" is.
I should point out that There are power snubbers that do the same thing but for current, i.e., snubbers of one type for voltage, snubbers of another for current, but the basic idea is the same -- smooth things out, smooth the waveform out -- don't allow immediate (instantaneous) dips or spikes, smooth it out over milliseconds, microseconds, nanoseconds, whatever the frequency of the waveform requires...
Anyway, that's a "snubber" (an added resonant circuit component).
Added to power supplies and inverters and transformers of all sorts, once resonance is established, heat/heating/heat losses drop, and power conversion efficiency increases rather significantly.
Switch/switching circuit life is also extended.
Anyway, it's a fascinating topic!