FISH is a molecular cytogenetic technique that uses fluorescent probes to bind specifically to parts of chromosomes. It is used to detect and localize DNA sequences on chromosomes. The FISH assay involves fixing cells, designing probes, denaturing DNA, hybridizing probes to complementary DNA, and using fluorescence microscopy to view results. FISH has applications like detecting Down syndrome and provides advantages over other methods like being less labor-intensive, though imperfect hybridization or non-specific binding can produce errors.