Here's an explanation from a men's health website:
slow twitch muscle fiber, also known as Type I. As their name suggests, slow twitch muscle fibers contract at a slower rate than their fast twitch counterparts. Unlike fast twitch muscle fibers, however, the Type I fibers can continue twitching at a steady rate for extended periods of time. What this means is that slow twitch muscle fibers are great for aerobic activities such as long distance running, swimming, and biking.
Fast twitch muscle fibers contract at a higher rate than Type I fibers meaning that they ultimately produce more power. The drawback is that they cannot maintain this rapid pace for long periods of time so fast twitch muscle fibers are best for anaerobic activities like sprinting or body building.