String field theory is a more advanced formulation of string theory, serving as a second quantized approach, while M-theory generalizes string theory by incorporating branes and existing in 11 dimensions. M-theory remains largely undefined, despite strong belief in its existence, and it encompasses various string theories as special cases. String theory and M-theory are not classified as Grand Unified Theories (GUTs) because they do not merge all fundamental forces into a single symmetry group at high energies. GUTs specifically refer to unifying the weak, strong, and electromagnetic forces, while the unification of general relativity and quantum mechanics is a separate challenge often referred to as a Theory of Everything. The terminology around these theories can vary, leading to confusion in discussions about their definitions and implications.