XPCOM is a cross-platform component object model similar to COM. It allows components to be implemented and used in multiple languages including JavaScript, Java, and Python in addition to C++. Interfaces are defined in XPIDL and XPCOM provides core classes for file, memory, and data management. Components can be globally used across applications and languages. Drawbacks include needing to access objects through interfaces and increased memory leak potential. Components are registered via modules to simplify retrieval. Factories instantiate components by their interfaces.