Fuzzy logic is a form of multivalued logic that allows intermediate values between conventional evaluations like true/false, yes/no, or 0/1. It provides a mathematical framework for representing uncertainty and imprecision in measurement and human cognition. The document discusses the history of fuzzy logic, key concepts like membership functions and linguistic variables, common fuzzy logic operations, and applications in fields like control systems, home appliances, and cameras. It also notes some drawbacks like difficulty in tuning membership functions and potential confusion with probability theory.