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lstrip, rstrip and strip remove characters from the left, right and both ends of a string respectively. By default they remove whitespace characters (space, tabs, linebreaks, etc)
string - strip () vs lstrip () vs rstrip () in Python - Stack Overflow
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The String.strip (), String.stripLeading (), and String.stripTrailing () methods trim white space [as determined by Character.isWhiteSpace ()] off either the front, back, or both front and back of the targeted String.
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3 Just to add a few examples to Jim's answer, according to .strip() docs: Return a copy of the string with the leading and trailing characters removed. The chars argument is a string specifying the set of characters to be removed. If omitted or None, the chars argument defaults to removing whitespace.
python - How to use text strip () function? - Stack Overflow
strip does nothing but, removes the the whitespace in your string. If you want to remove the extra whitepace from front and back of your string, you can use strip.
The linked article about stripping shared objects is very good. According to the linked article and my own tests --strip-unneeded, --strip-all and gcc -s remove .symtab completely in shared libraries, but leave .dynsym intact.