Burp Sequencer is a tool for analyzing the quality of randomness in a sample of data items. You can use it to test an application's session tokens or other important data items that are intended to be unpredictable, such as anti-CSRF tokens, password reset tokens, etc.
Sequencer is quite complex so i'm going to explain this topic a bit more in depth. There are no cool tricks to sequencer because sequencer is a cool trick in and off itself.
Now burp suite is going to request a TON of tokens and try to see how predictable they are. This will take a long time, don't put the amount of threads too high as it might make the requests even slower if the server can't keep up with the number of requests.
The character level and bit level results will explain any predictability in the tokens you are testing. To explain those details is outside the scope of this course but google has enough resources for this.