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The Fibonacci Series in Java is a sequence where each number is the sum of the two preceding ones, starting from 0 and 1. You can generate the Fibonacci series in Java using a loop or recursion. By initializing two variables to 0 and 1, you can repeatedly add them to get the next number in the sequence. Writing a program to generate the Fibonacci Series in Java is a great way to understand loops, recursion, and number manipulation.