What is the significance of the value option in select and textarea form elements in PHP?

The value option in select and textarea form elements in PHP is significant because it allows you to pre-select an option or set a default value for the form element. This is useful when you want to display a form with certain options pre-selected or with a default value already filled in for the user. By setting the value option, you can streamline the user experience and make it easier for them to submit the form.

<select name="fruit">
  <option value="apple">Apple</option>
  <option value="banana" selected>Banana</option>
  <option value="orange">Orange</option>
</select>
```

```php
<textarea name="message">Default message here</textarea>