The document discusses the Managed Extensibility Framework (MEF), which allows for the creation of extensible applications. MEF allows discovery and use of extensions without configuration, and makes it easy to encapsulate and share code in a loosely-coupled manner. It describes the key MEF concepts of imports, exports, parts, and composition containers. It provides examples of how to use attributes like Import and Export to integrate extensions into an application, and demonstrates MEF in a sample plugin-based application.