The document discusses strategies for handling asynchronous code in JavaScript. It begins by describing "Schlecht!Script", a fictional language that makes asynchronous programming painful by imposing arbitrary restrictions like only allowing "red" functions to call other red functions. It then covers approaches in JavaScript like continuation passing style, promises, and coroutines using generators. ES6 additions like EventEmitter/Streams and Promises are discussed for handling multiple events and single operations asynchronously. Finally, ES7 features like async/await and async generators are presented as improvements for asynchronous control flow and handling multiple events respectively. The document advocates for using best practices and high-level abstractions to simplify debugging asynchronous code.