The document discusses instruction level parallelism (ILP) and how to exploit it through static loop unrolling. ILP refers to the inherent parallelism in a sequence of instructions that allows some to execute concurrently. Static loop unrolling makes copies of the loop body to reduce loop overhead and expose more parallelism by scheduling instructions from different iterations together. While this can improve performance, loop unrolling increases code size and register pressure and is difficult to apply when the number of iterations is unknown.