The document discusses oEmbed, an open standard for embedding third-party media content on websites. It describes how oEmbed works, lists major oEmbed providers and consumers, and details the oEmbed specification. The document also introduces oembed-provider-engine, a Ruby gem that allows Rails applications to serve as oEmbed providers by describing how media items can be represented in the oEmbed response format. Areas for future improvement to oembed-provider-engine are also outlined.