Ruby on Rails is a web application framework that follows the model-view-controller (MVC) pattern. It emphasizes convention over configuration and includes tools and frameworks needed to build database-backed web applications according to its conventions. Some of these conventions include generating model, view, and controller code automatically through scaffolding and using RESTful routing. The document provides an overview of how to build a basic Rails application that displays a list of people from a database. It demonstrates concepts like MVC, RESTful routing, ActiveRecord models, database migrations, and using form helpers and templates to create views.