This document discusses various ways to improve memory and performance efficiency in Erlang programs. It covers the memory usage and performance characteristics of common Erlang data types like literals, immediates, boxed values, lists, tuples, binaries, ETS, and functions. Some key points include: literals and immediates have very low memory overhead; lists have efficient prepend but inefficient append; tuples have good locality but copying is expensive; binaries have reference counting for large values; ETS implies data copying; and external term format is CPU intensive for encoding. The document provides advice on optimizing for these behaviors.