Rapid Game Development with Corona SDK discusses the Corona SDK which allows developers to quickly and easily write mobile games and graphical apps for iOS and Android using the Lua programming language. It highlights success stories of apps developed with Corona, what the SDK provides like graphics hardware acceleration and physics engines, and its benefits like high productivity, cross-platform development, and an active developer community. Limitations include some missing native platform features and when not to use Corona for business apps requiring deep native integration. Sample code, tools, and the presenter's experiences with app development are also covered.