Take one minute of video. Look at the file size. Now how many of these 1 minute files can you fit onto an 8GB card in your particular format and camera/device.
SMS stands for Short Message Service, which is the formal name for text messaging. It's a way to send short, text-only messages from one phone to another. These messages are usually sent over a cellular data network. That's not always true, though, as in the case of iMessage below.
Multimedia Messaging Service. Multimedia Messaging Service (MMS) is a standard way to send messages that include multimedia content to and from a mobile phone over a cellular network. Users and providers may refer to such a message as a PXT, a picture message, or a multimedia message. The MMS standard extends the core SMS (Short Message Service) capability, allowing the exchange of text messages greater than 160 characters in length.