This document discusses the life cycle of an applet, which includes born, running, idle, and dead states. In the born state, the init() method is called to initialize the applet. In the running state, the start() method runs the applet and paint() displays it. The applet becomes idle when leaving the page. The stop() method terminates any running threads and destroy() cleans up resources in the dead state. Applets are useful for dynamic web page elements, interactive presentations, and remotely storing applets for others to use.