This document summarizes new features in JDK 8 including lambda expressions, stream API, method references, improvements to date/time classes, default and static methods in interfaces, repeatable annotations, and adding parameter names at compile time. Lambda expressions allow implementing functional interfaces with anonymous functions, stream API allows filtering, mapping, and collecting collections, and method references provide shorthand syntax for referring to methods. Default and static methods add functionality to interfaces, repeatable annotations allow the same annotation to be applied multiple times, and parameter names are now included at compile time.