The streak plate method is a dilution technique used to isolate bacterial colonies on an agar plate. It involves streaking a bacterial sample in successive areas of the plate to dilute the bacteria. When individual bacterial cells are deposited on the agar through streaking, they divide to form isolated colonies. The streaking is done using a sterilized inoculating loop that is flamed between streaking different areas. After incubating the streaked plates, isolated colonies of the same type should be observed, allowing purification of the bacterial culture.