Pioneered in 2015, style transfer is a concept that uses transfers the style of a painting to an existing photography, using neural networks. The original paper is A Neural Algorithm of Artistic Style by Leon A. Gatys, Alexander S. Ecker, and Matthias Bethge.
Here are a few examples taken from it:

This gif is meant to give you a rough idea on how style transfer works in the orignal paper:

Although I tried to make the gif self-explanatory, here are a few more details:
The paper is really easy to read, I really recommend having a look
(This explanation comes from Alexander Jung's summary of the paper)
Since the original paper, style transfer improved a lot, both in speed and quality. Here's an example of what you can do with the latest paper:
Style transfer just reached a new wow moment ! Over the week-end I played with "Deep Painterly Harmonization", Fujun Luan et al. Can you tell the difference with a real painting ? Code: https://t.co/luFdB5F3M3 Paper (very well written): https://t.co/gSGoqZ2WEM pic.twitter.com/maRJRXpffK
— Eliot Andres (@EliotAndres) 16 avril 2018