The document discusses different HTML elements for formatting text. It describes the six levels of headings <h1> to <h6> which create differently sized headings that break lines. It also covers the <blockquote> tag for setting off quotations, and font style tags like <b>, <i>, and <u> for bold, italics, and underline. Additionally, it mentions the <em> and <strong> tags for emphasis and importance, and the <code> tag for monospaced font typically used for code samples. Examples are provided of implementing these various tags.