Git is a version control system created by Linus Torvalds in 2005 for tracking changes in source code over time. It allows for non-linear development through features like branching and distributed collaboration. The document provides an overview of common Git concepts and commands including initializing and cloning repositories, tracking file changes, committing snapshots of changes to the local repository, and interacting with remote repositories by pushing and pulling changes. Best practices for Git include not pushing directly to master, defining code owners, avoiding secrets and dependencies in commits, and maintaining a meaningful .gitignore file.