Can i plug the 2 audio plugs into my tv and the 2 on the other end into my stereo? My stereo has the 2 auxiliary ports. If so how? Do i just plug it in and im ready to go?
That's pretty much correct. If you want to hear the sound from your TV on your stereo, then connect the cables to the TV's audio outputs, and to the stereo's aux audio inputs, and then set the stereo to aux. Make sure you match red to red and white to white.