The document describes the design of a FIFO (first-in first-out) buffer. It explains the FIFO interface, protocol, datapath and control path. The FIFO uses a read and write pointer to control reading and writing of data to an internal memory buffer. Status signals like full and empty are generated by comparing the read and write pointers. The design aims to ensure reliable operation by following the specified protocol of not allowing a write when full or a read when empty.