This document discusses static methods and dynamically adding methods in Python. It defines static methods as methods that are not bound to an object and cannot access instance variables. Static methods are defined using the @staticmethod decorator or staticmethod() function. Methods can be dynamically added to classes or objects at runtime. This allows adding methods to built-in types by subclassing them. Classes themselves can also be dynamically created using the type() function, specifying a name, base classes, and attributes.