Google Cloud BigQuery is a serverless, highly scalable, and cost-effective cloud data warehouse that allows users to analyze massive datasets. BigQuery can process queries involving terabytes or petabytes of data in seconds by distributing the work across thousands of processors. It demonstrates its capabilities through examples that count words in Shakespeare, sum requests from Wikipedia data over time, and filter and aggregate multi-terabyte datasets to find total page views matching a regular expression, all in under 30 seconds.