The document provides instructions for building and testing 555 timer circuits, including: 1) Designing a monostable circuit using a 555 timer chip, 10k resistors, 1000uf capacitor, 330ohm resistor, LED, and switch to produce a 10 second delay when the switch is pressed. 2) Designing an astable circuit with similar components to produce an oscillating output without the need for a switch. 3) Explaining that the resistor and capacitor connected to pins 6 and 7 of the 555 timer chip determine the time delay/oscillation period in the circuits.