What is a set of values that come from $(1^*0^*)^*$?
Is it set of any number of combinations of any number of 1 and any number of 0. Like we have 10 inside of brackets and than repeat it as much as you want , mean $101010...$ Or is it a set of words of any length consisting of 1 and 0?
$1^*0^*$ is the language consisting of all the words formed by any number of $1$'s followed by any number of $0$'s. (Here "any number of" includes the possibility of none.) So it contains, for example, $11100$ and $10000000$ and $11$ and $0000000$ and the empty word, but not $11001$ nor $01$.
Therefore $(1^*0^*)^*$ consists of all the words you can get by concatenating any (finite) number of words from the language $1^*0^*$ in the preceding paragraph. So, to use my examples from above (in the order I listed them), it would include $1110010000000110000000$.
In fact, since both $0$ and $1$ are in $1^*0^*$, it follows that all words formed from $0$'s and $1$'s are in $(1^*0^*)^*$. That is, this language is the same as $\{0,1\}^*$.