Gist Planning is a term used in product management to refer to a simplified, high-level plan that captures the core essence of a product or feature. It's like the Cliff Notes version of a plan, giving you the key points without going into too much detail. Think of it as the "elevator pitch" of your product strategy. Gist planning helps product managers communicate the big picture to stakeholders and make informed decisions about prioritizing work. It's a valuable tool for keeping everyone focused on the most important objectives.