WordPress themes are files that work together to create the design and functionality of a WordPress site. An efficient theme structure includes separate files for assets, functions, templates and parts to keep the code modular and reusable. Key aspects of the structure include folders for CSS, JS and images; functions split across multiple files; main templates in the root directory with custom templates in a sub-folder; and reusable parts included using get_template_part(). This summary outlines best practices for organizing WordPress theme code and structure.