Swagger is a tool that can generate documentation for RESTful APIs. It allows API providers to describe the structure of APIs and how to access them in a standardized, easy-to-understand format. The document discusses how Swagger can be used to provide documentation for an IRCTC API so that another company, MakeMyTrip, can understand how to communicate with and access the IRCTC API to book train tickets. It also provides instructions on how to set up Swagger in a Spring Boot application.