Vi is a terminal-based text editor that does not require a mouse. It was originally created in 1976 and uses different modes for commands, editing text, and ex commands. Vi allows efficient editing through keyboard shortcuts for cursor movement, deleting text, searching, replacing, and more. It can be configured through settings and options to customize indentation, wrapping, backups and other features. The document provides tips for using vi along with examples of basic C code editing in vi.