The "Two Pointers" technique is a common algorithmic approach used in solving problems involving arrays or lists. It involves using two pointers to traverse the data structure, often starting from opposite ends or at specific intervals. This method can help optimize time complexity, reducing the need for nested loops. This technique is particularly useful in problems like finding pairs that sum to a specific value or merging sorted arrays. By adjusting the positions of the two pointers based on certain conditions, it allows for efficient searching and comparison, making it a valuable tool in computer science and programming.