Vim is a highly customizable command line text editor available on all platforms. It works well as an integrated development environment (IDE) and has many powerful features like macros, plugins, and modes for different editing tasks. The vimrc file allows customizing Vim preferences and is loaded automatically. Common plugins help with tasks like searching files, viewing directories, debugging code, and checking syntax. Vimdiff can be used to diff multiple files and leverage scripts to diff changed repository files. While Vim has a steep learning curve, its power and customizability make it a valuable editor to learn.