Short-form videos (SVs) have proliferated as primary sources for entertainment, information, advertising, and social communication. Marketers are increasingly turning to SVs to reach their customers, and creative artists have begun to view SVs as a separate form of art and media for designing their content. Currently, SVs account for 90% of internet traffic and are estimated to be about 2.5 times more engaging than longer videos, driving their widespread popularity and diversity. Our workshop aims to consolidate efforts in SV understanding, highlight specific challenges, map the research landscape, and establish a foundation for future development in this rapidly expanding domain.