From Fedora Project Wiki
LXC (Linux Containers) is an operating system–level virtualization method for running multiple isolated Linux systems (containers) on a single control host.
Official project website: https://linuxcontainers.org
Getting started
Installation
On Fedora 21:
$ sudo yum install lxc lxc-templates lxc-extra debootstrap
On Fedora 22
$ sudo dnf install lxc lxc-templates lxc-extra debootstrap
The 'debootstrap' is necessary in order to build Debian-based containers.
Creating containers
Creating an Ubuntu container:
# lxc-create -n lab1 -t ubuntu -- release precise