Groovy is a dynamic language for the Java Virtual Machine that aims to be a better Java. It builds upon Java's strengths while adding features inspired by languages like Python, Ruby, and Smalltalk. Groovy compiles to Java bytecode, so it can be used anywhere Java can be used. Groovy reduces boilerplate code through features like closures and method missing. It also supports metaprogramming through techniques like metaclasses that allow modifying classes at runtime. Developers must be aware of some differences from Java like in polymorphism and how GStrings are lazily evaluated.