CSS is a style sheet language used to describe the presentation of HTML and XML documents. It separates document content from document presentation, including elements like layout, colors, and fonts. There are three types of CSS: internal (within HTML tags), inline (within tags as attributes), and external (separate .css file linked via HTML). CSS has evolved through levels 1-3, with each level adding new capabilities while preserving backward compatibility. CSS provides flexibility, accessibility, and consistency while reducing bandwidth. Limitations include poor flexible layout controls and inability to explicitly declare new scopes.