Warping

I have a question on the the following topics about warping, i watched the warping 101 videos and for some reason i don’t fully understand what it is, i just want to be sure.

What is warping?

What are the Warp markers used for?

What are the transients for?

And how can warping be used for Loop, and audio editing?

I am very sure i am just over overthinking this but again i just want to be 100% sure.:hehe: