It fires after the the document has fully loaded, the DOM tree has been initialized, all CSS styles have been applied and all Javascript has been executed. It differs from the load
event in that elements (other than CSS/JS) that load their content from other URLs, such as images or flash files, have not necessarily finished loading at this point. This is usually called the "domready" or "domloaded" event, and some modern browsers support it directly (e.g. Firefox has a DomContentLoaded event), and on others it can be simulated with various tricks, like using the defer
attribute or placing a script at the very end of the body.
The advantage is that you can reliably interact with the document at this time; for example you can set an event handler on an element with a certain ID and be sure that it already exists in the DOM tree. On the other hand, it can run considerably earlier than the load event, if some external resource is slow to load. If your script is at the end of your HTML code, then there might be little difference in using or not using the domready event, but usually scripts are called from the head
tag, and at that point no elements of the body are available yet.