The document explains the stack data structure, which operates on a Last In First Out (LIFO) principle, allowing operations such as push, pop, and peek to be performed only at the top of the stack. It details both the array and linked list implementations of stacks, including operations and time complexities, as well as applications like evaluating arithmetic expressions using different notations such as infix, prefix, and postfix. The document also outlines algorithms for converting between these notations.