Hershey and Chase refer to the groundbreaking experiment conducted by Alfred Hershey and Martha Chase in 1952, which provided strong evidence that DNA is the genetic material of viruses. Their work, using the T2 bacteriophage, showed that when these viruses infect bacteria, it is their DNA that enters the bacterial cells and directs the production of new viruses, thereby solidifying the understanding of DNA's role in heredity and function.