This document discusses single table inheritance (STI) in Rails. STI allows subclasses to share a single database table with a parent class. It avoids data redundancy and takes an object-oriented approach. STI is best when objects have many identical attributes but different behaviors. Benefits include simplicity and faster queries, while drawbacks include tight coupling and inability to change an object's type after creation. The document provides examples of implementing STI and considers when it is and isn't appropriate.