The document details the splay tree algorithm, which is a balanced binary search tree that restructures itself with each search, insertion, or deletion through a process called splaying. It defines various splaying operations (zig-zig, zig-zag, and zig) and outlines the rules for searching, inserting, and deleting nodes, including the complexities involved. The conclusion emphasizes that splay trees maintain balance in an amortized sense and can achieve efficient access times for frequently used items.