Snippets and macros have been a part of Komodo since the beginning. Snippets are for inserting frequently-used pieces of boilerplate text into documents. They have some pre-canned functionality in their shortcuts, but can't be extended.
The most obvious keystroke-saving feature is autocomplete, but Komodo also has a method for inserting snippets of code by typing their name in the buffer. We call this feature Abbreviations.