String theory is a developing branch of theoretical physics that combines quantum mechanics and general relativity into a quantum theory of gravity. The strings of string theory are one-dimensional oscillating lines, but they are no longer considered fundamental to the theory, which can be formulated in terms of points or surfaces too.
Since its inception as the dual resonance model which described the strongly interacting hadrons as strings, the term string theory has changed to include any of a group of related superstring theories which unite them. One shared property of all these theories is the holographic principle. String theory itself comes in many different formulations, each one with a different mathematical structure, and each best describing different physical circumstances. But the principles shared by these approaches, their mutual logical consistency, and the fact that some of them easily include the standard model of particle physics, has led many physicists to believe that the theory is the correct fundamental description of nature. In particular, string theory is the first candidate for the theory of everything (TOE), a way to describe the known fundamental forces (gravitational, electromagnetic, weak and strong interactions) and matter (quarks and leptons) in a mathematically complete system.
String theory is of interest to many physicists because it requires new mathematical and physical ideas to mesh together its very different mathematical formulations. One of the most inclusive of these is the 11-dimensional M-theory, which requires spacetime to have eleven dimensions, as opposed to the usual three spatial dimensions and the fourth dimension of time. The original string theories from the 1980s describe special cases of M-theory where the eleventh dimension is a very small circle or a line, and if these formulations are considered as fundamental, then string theory requires ten dimensions. But the theory also describes universes like ours, with four observable spacetime dimensions, as well as universes with up to 10 flat space dimensions, and also cases where the position in some of the dimensions is not described by a real number, but by a completely different type of mathematical quantity. So the notion of spacetime dimension is not fixed in string theory: it is best thought of as different in different circumstances.