In the "CHEAP vs EXPENSIVE RAMEN + Steak + 250 pesos Feast!" video, Ranz and Niana compare different dining experiences by trying both cheap and expensive ramen, as well as steak dishes. They sample the flavors, presentation, and overall experience of each meal while highlighting the differences in quality and taste. The challenge culminates in a feast for 250 pesos, showcasing how much food can be enjoyed on a budget. Their reactions and commentary make the video entertaining, as they discuss whether the price really affects the quality of the food!