PhastPress, as previously mentioned, is a WordPress plugin designed to improve your website’s load speed. The way it accomplishes this is multilayered and worth discussing in detail to understand fully the power it brings to your website.

Firstly, PhastPress optimizes all the images on your site. It uses techniques like lazy loading, which means images are loaded just before they become visible to the user. It also reduces image file sizes - the smaller the image file size, the quicker it loads. And don't worry about losing the quality of your images. PhastPress ensures minimal to no quality loss.

Moreover, the plugin also turns your website's scripts and styles into static files, facilitating faster load speed. It minifies the JavaScript, HTML, and CSS files, which means it simplifies and cleans them up, allowing the server to read the files more quickly.

PhastPress goes beyond the traditional practice of compression and employs a more advanced compression algorithm that results in significantly smaller file sizes, breaching the limits established by older algorithms. It also defers non-critical Javascript, giving priority to critical, above-the-fold content, making your website load faster in real, user-centric terms.

Regardless of the technicalities, it's worth noting that the application of the PhastPress plugin is straightforward. It’s mostly a matter of installing the plugin and activating it. Post-activation, it starts its magic, scanning and optimizing your site to provide a faster, more user-friendly web experience.