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What sort of thing is "Nothing New" as in the following: String str = "Nothing New";

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Final answer:

In Java programming, "Nothing New" is a string literal represented by a series of characters. It is assigned to a variable named 'str', demonstrating basic string declaration and initialization.

Step-by-step explanation:

The term "Nothing New" in the context of the given code snippet String str = "Nothing New"; refers to a string literal in the Java programming language. The string literal is a series of characters that remain constant throughout the execution of the program and in this case, it represents the exact phrase Nothing New. This is an example of how strings are declared and initialized in Java, where str is a reference variable pointing to the String object containing the text Nothing New.

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