Lorem Ipsum is a type of dummy text commonly used in the printing and typesetting industry. It has been the industry's standard since the 1500s, when an unknown printer scrambled a galley of type to create a type specimen book. Essentially, Lorem Ipsum is a sequence of Latin words that do not form coherent sentences, making it useful for filling spaces in design layouts where actual text will eventually be placed. It serves as a placeholder in graphic design, publishing, and web development, allowing designers to focus on layout and visual elements without being distracted by meaningful content.