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Doesn't work miracles on every clip, but smoothes out clips that are suitable. Be careful to avoid turning your clips to jelly by forcing too much stabilization on a clip that isn't suitable. Gaussian Blur () - Staple effect, you can pull focus, blend and blur things together, animate, fade and transition etc. Crop () - Crop things out of the picture, or crop into certain things. Must have effect for creating many different types of compositions. Invert () - Not only can you get creative with color and channel inversions, you can get functional with finding opposites and fixing certain color and blending issues.
It's all math and color theory. Tint () - It's like the gradient map tool found in Photoshop, great for adding color, or mapping shadows and highlights.
Ultra Key () - Green screen, selective color adjustments, etc. Keying is crucial to have in the toolbox.