PHP is a scripting language originally designed for web development. It allows code to be embedded into HTML pages to produce dynamic web content. PHP code is executed by the PHP runtime on the web server. A small sample PHP code displays "Hello World" by using PHP echo tags within HTML tags. PHP supports various data types including integers, arrays, strings, and resources. It can be optimized for speed by reducing the size of compiled code. PHP includes many open source libraries and allows extensions to be built to add new functionality.