The document discusses the importance of application security in the context of serverless architectures, highlighting the vulnerabilities associated with serverless applications like AWS Lambda. It introduces 'lambhack', a vulnerable serverless application designed to demonstrate these issues, such as command execution vulnerabilities and attack vectors like XSS and injection attacks. The author calls for community contributions to enhance the project, emphasizing that while serverless technology simplifies development, it also introduces new security challenges that are reminiscent of traditional app security problems.