In the video titled “I Forked Bolt.new and Made it WAY Better” by Cole Medin, the host discusses how he has enhanced the open-source platform Bolt.new, which allows users to build full-stack applications using AI without coding. The improvements address two main issues: the high costs and the limitation of using only one language model. By forking Bolt.new, Cole demonstrates how users can now run it locally with various language models, including local models fine-tuned for coding, enabling unlimited usage. The video showcases the process of creating applications, including a functional employee scheduling app, highlighting the potential of AI in simplifying app development.