<ul data-eligibleForWebStory="true">Late Static Binding (LSB) in PHP allows for dynamic class information binding during runtime.The use of self::, static::, new self(), and new static() can be confusing without understanding Late Static Binding.self:: refers to the class where the method is defined, not the calling class, whereas static:: resolves the class that called it during runtime.Using static:: helps PHP determine the calling class dynamically, addressing the limitations of self::.static:: resolves at runtime, offering flexibility and adaptability compared to self:: which resolves at compile time.In object creation, new static() creates an object of the calling class, while new self() creates an object of the defined class.Late static binding is beneficial in scenarios like factories or service locators where class determination at runtime is required.A real-world use case includes creating a base class for shortcode handlers in WordPress plugins, leveraging static:: for dynamic class instantiation.Practicing with late static binding can enhance understanding and application of dynamic class bindings in PHP.Late static binding offers a balance between fixed (self::) and flexible (static::) class binding, enhancing OOP flexibility.