Cypress is an end-to-end testing tool for web applications, written in JavaScript and based on Mocha/Chai, designed to ensure applications meet requirements and are free of bugs. It supports various testing types, including unit, integration, and end-to-end tests, and offers features like custom commands, stubbing methods, and waiting for network responses. The document also outlines the folder structure, components, and hooks involved in Cypress, along with use cases and demo references.