vi is a text editor that allows users to:
1. Open, edit, and save text files from within the program using various commands like :w to write/save and :q to quit.
2. Navigate text using cursor keys, search with /pattern, and move between lines and screens using G, ctrl+D/U, and ctrl+B/F.
3. Insert, delete, change, and replace text using commands like i, a, dd, cw, s, and ~.
4. Cut/copy text to buffers using d and yank commands like yw and paste using p, search and replace with :s, and join lines with J.