The assignment content describes a social network represented by pairs of friends or a dictionary where keys are person's names and values are sets of their friends. It asks to implement several functions on this network: counting the number of people with a certain number of friends, finding suggestions for new friendships, detecting cliques, finding the most common mutual friends, identifying absolute strangers, checking if a group covers the entire network, counting triangles (triplets of people who know each other), and finding the minimal cover of the network.