According to the aebc model of words, aebc stands for adjective, epithet, basic term, and comment. This model refers to the structure of a word, where an adjective describes the basic term, an epithet provides further description, and a comment adds an extra element. For example, in the word beautiful red rose, beautiful is the adjective describing the rose, red is the epithet providing further detail about the color, and rose is the basic term. The comment could be something like in full bloom. This model helps understand the composition of words and how different elements work together to create meaning.