The Longest Palindromic Substring algorithm works by checking each character index as a center and expanding outwards to find palindromes. It considers both odd length palindromes (single center) and even length palindromes (center between two characters). For each center, it expands left and right as long as characters match. When a longer palindrome is found, it updates the start index and maximum length. After checking all centers, it returns the longest palindrome substring found. The execution table shows step-by-step how the center indices are chosen, expansions performed, and the longest palindrome updated. Key moments clarify why both odd and even centers are needed and when updates happen. The visual quiz tests understanding of the longest palindrome state at various steps.