This document provides an outline and overview of new features in Java 8. It discusses behavior parameterization through lambda expressions and method references, which allow passing behaviors as arguments in place of anonymous classes. It also covers the Stream API for functional-style processing of collections, Optional as an alternative to null, default methods to allow interfaces to evolve, and CompletableFuture for composable asynchronous programming. Finally, it notes some potential downsides of Java 8 like longer debugging with lambdas and limitations of its functional support.