The document discusses the H.264/MPEG-4 AVC video compression standard. It provides an overview of the evolution of video coding standards that led to H.264/AVC, describes key features of H.264/AVC such as enhanced motion compensation, transform coding, and entropy coding, and compares H.264/AVC's compression performance to prior standards. The document concludes that H.264/AVC provides up to 50% better compression efficiency than previous standards through improvements like smaller block sizes and an adaptive deblocking filter, though it also increases computational complexity.