The shutter is a door inside the camera that opens when the shutter button is pressed, allowing light to enter and expose the image sensor. At slow shutter speeds moving objects appear blurry, while at fast shutter speeds they appear clearer. Shutter speed is measured in fractions of a second, with higher numbers indicating faster speeds. Faster shutter speeds require more light and can freeze motion, while slower speeds allow blurring effects. The document provides guidance on selecting shutter speeds for different types of shots and adjusting aperture, ISO, exposure compensation if images appear too dark at a desired shutter speed.