Rhino Mocks is a .NET mocking framework that allows developers to easily create and setup mock objects to test interactions using unit tests. It generates both mocks, which allow expectations to be set and verified, and stubs, which simply return preset values without verification. The document provides examples of using Rhino Mocks to generate mocks and stubs of interfaces, set expectations on mocks, and verify mock interactions using the AAA (Arrange, Act, Assert) syntax. It also distinguishes between mocks and stubs.