The document describes Experiment 3 which aims to implement multiplexers and demultiplexers using Verilog code and gate-level modeling. It includes the theory of multiplexers and demultiplexers, truth tables for 4:1 and 2:1 multiplexers, and Verilog code examples to simulate a 4:1 multiplexer, 2:1 demultiplexer, and 4:1 decoder along with their corresponding RTL simulations and output waveforms.