The document provides a step-by-step walkthrough for building a simple iOS application called HelloPoly using Xcode and Interface Builder. It describes laying out the user interface, defining a controller class, connecting the interface to the controller, and generating source files for the controller class. Key steps include adding buttons and labels to the interface, setting up outlets and actions for the controller class, and writing implementation code for the action methods to log messages when the buttons are pressed. The goal is to demonstrate basic iPhone application development workflow and setting up the standard MVC architecture pattern with model, view, and controller classes.