The Another Dynamic Highlights plugin offers a powerful and highly customizable way to highlight text dynamically using user-defined search terms, regular expressions, and styles. You can group highlighters with tags, assign colors and decorations, and control whether matches or their parent lines are highlighted. Highlights persist across sessions and can be toggled globally or per tag. The plugin also supports selection-based highlighting, where words under the cursor or selected text are highlighted on the fly with a delay option and an ignore list for common words.