Docker is an open source containerization platform that allows developers to package applications and dependencies into standardized containers. Containers allow applications to be run consistently across different computing environments using operating system-level virtualization. Docker makes it easier to build, deploy, and manage containers using simple commands. It provides benefits like application isolation, cost-effectiveness, scalability, disposability, and improved developer productivity compared to traditional virtual machines. Docker images contain the executable application code and dependencies needed to run as containers. The Dockerfile automates the creation of Docker images from a base image. Running a Docker image creates a container instance where the application code is executed.