This video is the first part of a live coding session where Victoria, a frontend developer, introduces the concept of BEM (Block, Element, Modifier) methodology and begins to build a website layout from a Figma design. She explains the principles of BEM, demonstrates how to export assets from Figma, and starts coding the HTML structure for various sections of the website, including the header, promo block, and tool sections, while also discussing best practices in web development.