Memoization in top-down dynamic programming means saving results of recursive calls in a memo object. When the function is called with a value, it first checks if the result is already in memo. If yes, it returns that result immediately. If not, it computes the result recursively, stores it in memo, and then returns it. This avoids repeated calculations and speeds up the program. For example, in Fibonacci calculation, base cases for n=0 or n=1 return immediately. Recursive calls build up memo with results for each n. This way, each Fibonacci number is computed once and reused. The execution table shows each step, the state of memo, and returned values. Key moments include understanding why memo is checked first, the role of base cases, and how memoization improves performance. The visual quiz tests understanding of memo state, return steps, and effect of removing memoization.