This document discusses virtual memory and page faults. It describes how virtual memory allows logical addresses to be larger than physical memory by paging portions of programs in and out of RAM. When a program accesses a page not currently in memory, a page fault occurs. The OS then selects a free frame, swaps the needed page in from disk, updates address mappings, and restarts the faulting instruction. This allows more programs to run concurrently using less I/O than if entire programs had to be swapped at once.