The document discusses Rosenblatt's transactional theory of the literary work, which argues that the reading experience involves two streams - evocation and interpretation - that cannot be separated. It describes the complex process readers go through to evoke a poem from a text, drawing on their personal experiences and past literary knowledge to interpret the work in a way that becomes part of the creative process. Different readers can have varied responses, as the meaning derived depends more on the individual reader than just the text itself.