Vermicompost is the product of composting utilizing various species of worms, usually red wigglers, white worms, and earthworms to create a heterogeneous mixture of decomposing vegetable or food waste, bedding materials, and vermicast. Vermicast, also known as worm castings, worm humus or worm manure, is the end-product of the breakdown of organic matter by species of earthworm.

The earthworm species (or composting worms) most often used are Red Wigglers (Eisenia foetida or Eisenia andrei), though European nightcrawlers (Eisenia hortensis) could also be used. Red wigglers are recommended by most vermiculture experts as they have some of the best appetites and breed very quickly. Users refer to European nightcrawlers by a variety of other names, including dendrobaenas, dendras, and Belgian nightcrawlers.

Containing water-soluble nutrients, vermicompost is a nutrient-rich organic fertilizer and soil conditioner.

http://en.wikipedia.org/wiki/Vermicompost#Vermicompost