PL/SQL is a programming language that combines the SQL operations of querying and manipulating data in an Oracle database with the procedural language constructs of variables, conditions, and loops. PL/SQL can be used for database-side programming as well as client-side application development. It provides advantages like better performance, portability, higher productivity, and integration with Oracle. PL/SQL supports various data types, control structures, exception handling, and object-oriented programming features. Cursors allow processing of multiple rows returned from a SQL statement and can be static, dynamic, or reference types. Procedures and functions are reusable program units that allow passing parameters and returning values.