The document discusses thread safety issues when object lifetimes are managed across multiple threads using raw pointers in C++. It introduces shared_ptr and weak_ptr from the standard library as a solution. Shared pointers allow reference counting to determine object lifetimes safely across threads without explicit locking. Weak pointers can check if a shared object still exists without increasing the reference count. This pattern solves common problems like race conditions in observer design patterns when notifications outlive observed objects.