The document discusses Google Web Toolkit (GWT), a development toolkit that allows web applications to be developed using Java and compiled into JavaScript. It lists several large projects built with GWT, including Google Wave and Odnoklassniki. The key features of GWT discussed are cross-browser compatibility, object-oriented programming, widgets and declarative UI, code optimization, and integration with JavaScript via JSNI. Deferred binding is described as a mechanism that allows optimizing which code is sent to the client based on factors like the user's browser or locale.