Code:
$ youtube-dl -F https://www.youtube.com/watch?v=L2gT8fbEq54
[youtube] L2gT8fbEq54: Downloading webpage
[info] Available formats for L2gT8fbEq54:
format code extension resolution note
249 webm audio only tiny 50k , webm_dash container, opus @ 50k (48000Hz), 3.22MiB
250 webm audio only tiny 60k , webm_dash container, opus @ 60k (48000Hz), 3.87MiB
251 webm audio only tiny 117k , webm_dash container, opus @117k (48000Hz), 7.58MiB
140 m4a audio only tiny 129k , m4a_dash container, mp4a.40.2@129k (44100Hz), 8.31MiB
160 mp4 256x144 144p 59k , mp4_dash container, avc1.4d400c@ 59k, 30fps, video only, 3.81MiB
278 webm 256x144 144p 81k , webm_dash container, vp9@ 81k, 30fps, video only, 5.20MiB
133 mp4 426x240 240p 120k , mp4_dash container, avc1.4d4015@ 120k, 30fps, video only, 7.77MiB
242 webm 426x240 240p 151k , webm_dash container, vp9@ 151k, 30fps, video only, 9.70MiB
134 mp4 640x360 360p 221k , mp4_dash container, avc1.4d401e@ 221k, 30fps, video only, 14.23MiB
243 webm 640x360 360p 313k , webm_dash container, vp9@ 313k, 30fps, video only, 20.13MiB
135 mp4 854x480 480p 366k , mp4_dash container, avc1.4d401f@ 366k, 30fps, video only, 23.53MiB
244 webm 854x480 480p 536k , webm_dash container, vp9@ 536k, 30fps, video only, 34.43MiB
247 webm 1280x720 720p 1030k , webm_dash container, vp9@1030k, 30fps, video only, 66.13MiB
136 mp4 1280x720 720p 1061k , mp4_dash container, avc1.4d401f@1061k, 30fps, video only, 68.13MiB
302 webm 1280x720 720p60 1573k , webm_dash container, vp9@1573k, 60fps, video only, 101.00MiB
298 mp4 1280x720 720p60 1845k , mp4_dash container, avc1.4d4020@1845k, 60fps, video only, 118.49MiB
303 webm 1920x1080 1080p60 2815k , webm_dash container, vp9@2815k, 60fps, video only, 180.71MiB
299 mp4 1920x1080 1080p60 3480k , mp4_dash container, avc1.64002a@3480k, 60fps, video only, 223.44MiB
308 webm 2560x1440 1440p60 7186k , webm_dash container, vp9@7186k, 60fps, video only, 461.34MiB
315 webm 3840x2160 2160p60 22564k , webm_dash container, vp9@22564k, 60fps, video only, 1.41GiB
18 mp4 640x360 360p 555k , avc1.42001E, 30fps, mp4a.40.2 (44100Hz), 35.66MiB
22 mp4 1280x720 720p 1190k , avc1.64001F, 30fps, mp4a.40.2 (44100Hz) (best)
The meaning of mpeg-dash is to select the best possible quality for the bandwidth you have.