The video provides a comprehensive guide on using advanced shape functions in Figma to create more efficient and visually appealing designs. It covers Boolean operations such as union, subtract, intersect, and exclude, which allow designers to manipulate shapes in various ways to achieve desired effects. The tutorial also demonstrates how to use vector editing to refine designs and create unique image fills for shapes, enhancing the overall aesthetic of the design. Practical applications include creating custom app icons, geometric logos, and unique profile picture fills. The video encourages hands-on practice through a linked Figma community file, allowing viewers to follow along and apply the techniques in real-time. This approach not only saves time but also significantly improves design skills by providing a deeper understanding of Figma's capabilities.