In this video titled Mastering Your Psychic Abilities, Elizabeth April discusses key elements in honing psychic abilities. They emphasize the importance of taking responsibility for ones life and not giving power away to external forces. Elizabeth April also emphasizes that everyone is psychic and that awareness and focus are crucial. They provide three steps to mastering psychic abilities: setting intentions, listening, and taking action. Elizabeth April also shares a card trick to practice psychic abilities. The video ends with information about an upcoming Q&A session and a mention of transitioning to YouTube.