PhoneGap allows developers to build cross-platform mobile apps using standard web technologies like HTML, CSS, and JavaScript. It works by packaging a web app into a native app that can be deployed to various mobile platforms through a common set of APIs. PhoneGap provides access to device functionality like contacts, geolocation, and cameras. It is promising because it allows developers to write code once and deploy it across platforms, reducing development costs compared to building native apps for each platform separately. The future of PhoneGap includes it becoming an open source project under Apache called Cordova, with improved plugin architecture and broader device support.