Iptables is the firewall software used in Linux kernel versions 2.4 and higher to filter and route network packets. It allows configuration of rules for incoming and outgoing network traffic. The document discusses what a firewall and iptables are, how to install and configure iptables on Linux, examples of iptables rules to allow/block ports and IP addresses, saving rules to a file, and how iptables can help prevent denial of service attacks.