The document describes the Rabin-Karp algorithm for string matching. It computes a hash value for the pattern and a rolling hash for substrings of the text, and compares hashes to identify potential matches quickly. It explains computing the pattern hash and text substring hashes, and updating the rolling hash in constant time by taking advantage of properties of modular arithmetic. The algorithm runs in O(m) preprocessing and O(n-m+1) matching time where m is the pattern length and n is the text length.