<ul data-eligibleForWebStory="true">The walrus operator (:=) in Python allows assigning a value as part of an expression.It enables saving a value and using it immediately in a single line, making the code cleaner and more concise.An example use is within a while loop where user input is assigned to a variable and checked in the same line.The operator is beneficial when combining assignment and comparison, especially in loops or list comprehensions.It helps in avoiding the repetition of the same function calls and can enhance code readability if used appropriately.A caution is given against overusing the walrus operator as it may complicate code readability.A bonus example demonstrates using the walrus operator for reading a file line-by-line in a concise manner.Overall, integrating the walrus operator into coding practices can simplify logic and improve code expressing in suitable scenarios.