FFmpeg is a free and open-source command-line tool for handling multimedia files, including video and audio. It can be used to convert, edit, and stream multimedia files, as well as record and play video and audio streams. FFmpeg supports a wide variety of codecs and file formats and has a wide range of options for adjusting the quality and size of multimedia files. It is commonly used in video editing and transcoding, as well as in streaming and online video platforms.