The document discusses the different storage classes in C - automatic, register, static, and external. Each storage class determines where a variable is stored (memory or registers), its initial value, scope, and lifetime. The automatic class is the default, and variables have local scope and are reinitialized each time a block is entered. The register class stores variables in CPU registers for faster access but variables behave like automatic. The static class retains variable values between function calls, and external makes variables global and accessible throughout a program.