Final answer:
The 'All Clips Stop' button stops the playback of all clips in a digital audio workstation project, ensuring a quick way to end all active clips simultaneously.
Step-by-step explanation:
The 'All Clips Stop' button in digital audio workstation (DAW) software is designed to immediately halt the playback of all clips within a project. When this button is activated, it will stop all the playing clips, regardless of which track they are located on. It is especially useful during a live performance or when working on a complex project with multiple clips playing at once and you need to bring everything to a stop quickly.