Dumping syndrome is a condition characterized by rapid gastric emptying, leading to early symptoms such as nausea and abdominal pain, or late symptoms including hypoglycemia and weakness. It can be diagnosed using tests like the modified oral glucose tolerance test and treated through dietary changes, medications like octreotide acetate, or surgery if necessary. The condition is related to the abnormal movement of food and fluid into the intestine, causing hormonal responses that affect blood sugar levels.