The assignment content is about SQL (Structured Query Language) homework #3 that deals with DDL (Data Definition Language) and DML (Data Manipulation Language). It involves creating a database named 'My_BIS325' and two tables, 'Employee' and 'Projects'. The 'Employee' table has various columns such as first name, last name, home phone number, social security number, etc. The assignment also includes INSERT statements to add data to the tables, SELECT statement to retrieve data, ALTER TABLE statements to modify table structures, UPDATE statements to update existing data, TRUNCATE and DROP statements to delete or remove data from a table.