System.out
In short: System.out is the standard output stream for text on the console in Java.
In more detail: The methods println, print and printf write text.
In Depth
System.out.println("Hello"); // with line break
System.out.printf("%d + %d = %d%n", 2, 3, 5);
System.err.println("Error"); // error streamSystem.in reads input (for example with Scanner). See input and output, output, input.
See also: Input and Output (I/O), Output (Output Device), Input (Input Device)