Magento - Get Custom Option Value details from Option Value ID

Question

I have some intriguing questions related to Custom Options of Product:-

1. Is there any difference between Options & Custom Options? This is because I have foun

Answer 1

$session= Mage::getSingleton('checkout/session');
$getotal = Mage::helper('checkout')->getQuote()->getGrandTotal();
foreach($session->getQuote()->getAllItems() as $item)
{
$options = Mage::getModel('catalog/product')->load($item->getProduct()->getId())->getProductOptionsCollection();
    foreach ($options as $o) 
    { 
        $title = $o->getTitle();
        $values = $o->getValues();

        foreach($values as $v)
        {
        $mydata = $v->getPrice();                           
        }

    }
}

You can use this code in order to get price set for custom options for products in shopping cart.