1. The document discusses porting a game called Balancing Mathai, originally created in Flash, to run on Flash Lite 1.1 for older Nokia phones with lower specifications.
2. Some optimizations needed for Flash Lite include reducing colors, graphics size, removing gradients and transparency, and using PNG images. The code also needs optimizations like reducing variable names.
3. The ported game will have static levels, pre-animated graphics, and use left/right arrow keys to control gameplay. It will have frames for logo, menu, help, game, over and win screens.