Nunchuk Wallet: The Nunchuk wallet is a mobile and desktop wallet known for its ability to create and utilize hot, cold, multisig, and assisted multisig wallets. It has many advanced features that the video covers.

Prerequisites: The video suggests that viewers should have some familiarity with the Nunchuk wallet or watch the presenter's previous videos on the subject.

Advanced Features: The video covers advanced features such as setting up wallet security settings, using the coin control feature, creating and managing tags and collections for coins, sending transactions, and using the "child pays for parent" feature.

Coin Control: This feature allows users to view individual coins in their wallet, label them, lock them, and manage them in a more granular way. This can help with privacy and organization.

Tags and Collections: Users can create tags for their coins and organize them into collections. This can help users keep track of where their coins are coming from and how they are being used.

Sending Transactions: The video explains how to send transactions in a way that maintains privacy. It also covers how to use the "child pays for parent" feature, which allows a user to send a transaction with a low fee and have the recipient pay for the fee.

Child Pays for Parent: This feature allows a user to send a transaction with a low fee and have the recipient pay for the fee. This can be useful in situations where the user wants to send a transaction quickly but the network fees are high.

Security Settings: The video also covers how to set up security settings for the wallet, including setting a PIN for the wallet and hiding wallet details.