REBOL is a simple yet powerful programming language that allows developers to quickly build applications. It has several advantages including being small in size, not requiring many files or configurations, and being very easy to learn and use. Some key things that can be done with just a few lines of REBOL code include creating graphical user interfaces, downloading and parsing web pages, and networking tasks like port scanning. The document discusses both strengths and weaknesses of REBOL, and encourages programmers to try it for its simplicity and flexibility.