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Cherry is part of the Socs and Pony is a Greaser.
Cherry believes that Socs live artificial lives. She thinks Socs don't feel things. THey try to "fit" in, never realizing who they are or what they are about,
"cool to the point of not feeling anything... We're always going and going and going, and never asking where."
She thinks Greasers live life more fully. They have separate identities and can express themselves without shame or judgment. Pony thinks the Socs have life easy. He thinks that they all have money and don't need to struggle financially like his family. He thinks everything is handed to the "rich kids" and they don't have worries.