The document discusses Access Control Lists (ACLs), which are lists of permit or deny rules that control what traffic can enter or leave a router's interface. There are standard ACLs, which filter traffic based only on the source IP address, and extended ACLs, which can filter traffic based on additional attributes like destination address, protocol, and port numbers. ACL rules are evaluated sequentially, with an implicit "deny all" rule at the end, so ACLs should be placed strategically to filter traffic close to either its source or destination.