Jake Smith gave a presentation on LESS, a dynamic CSS language that allows variables, mixins, nesting, and other features to make CSS more maintainable. LESS compiles to regular CSS and can be used with the LESS.js library in browsers or a LESS compiler. Some key features of LESS discussed include variables, imports, nesting rules, mixins, and namespacing. Gotchas with LESS include limitations with media queries and transitions.