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"Lorem ipsum" is a placeholder text commonly used in the design and typesetting industry. It consists of Latin words that have no coherent meaning when combined. The purpose of "Lorem ipsum" is to fill space in a design or layout, allowing designers to focus on the visual elements without being distracted by the actual content. It has been used since the 16th century and continues to be widely employed in various industries as a temporary text. The phrase has become synonymous with placeholder or dummy text and is often used as a generic example when discussing typography, layout, or visual design.