This document discusses the precision of floating point numbers in PHP. Floating point numbers are used to store fractional numbers, but they are only approximated due to limitations of binary representation. PHP variables can hold either strings or numbers. To use a number as a float, it needs to be cast. The precision directive determines how many digits are displayed for floats converted to strings. It defaults to 14 digits, but microtime() returns timestamps with microseconds requiring 16 digits. Increasing the precision directive or using sprintf() allows retrieving the full precision of floats.