The document outlines a project assignment for building a multi-threaded web server which is due at the end of the seventh week and carries a weight of 7% of the total grade. It details the implementation process in two stages, including handling HTTP requests, responding to multiple clients simultaneously, and sending appropriate responses based on requested files. The project includes coding instructions in Java, testing of the web server with a browser, and deliverables that consist of screenshots, code, a project summary, and a Wireshark printout.