IPTV is an acronym for Internet Protocol Television, a system for delivering television content over an internet connection rather than through traditional broadcast, satellite, or cable signals. This packet-based delivery system allows for live and on-demand video content, potentially bundling television with other IP-based services like high-speed internet and Voice over IP. IPTV offers advantages such as greater content flexibility, interactivity, and the ability to access television from anywhere with an internet connection.