The document discusses streams API, which enables asynchronous I/O processing by reading and writing data chunks. It can pipe data between streams and supports automatic transformations. The spec defines ReadableStream, WritableStream, and TransformStream interfaces. It is useful for tasks like loading video segments or sending messages over websockets. The implementation in browsers uses JavaScript builtins tied to WebIDL to define the API in a maintainable and performant way while avoiding memory issues, though it requires care around security.