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Instead of displaying password in readable form like a few other extensions, this nifty toolbar button jumps to the password manager at 1 click and allows you to log one with another. Or select a username / password + copy it to the clipboard with 2 more clicks. If you compare this to the standard way, its much easier & faster.
There is also a very handy way of bulk-changing passwords using the built in domain / original password filtering. A brilliant time saver for those who use large corporate web sites and have to reset their password on dozens of sites regularly.
I was always annoyed by the fact that the Password Manage displays not just one Password but a whole list - this extension removes the need to display any password on screen, and gets rid of the inconvenient "typing off screen". Now your passwords can be as complicated and secure as you always wanted!
Also, it fills in the domain name into the filter so you don't have to look quite so hard. Especially useful for developers who have to work a lot with login pages and different test profiles.
If you work a lot with passwords (who doesn't?) be sure to check out the awesome Saved Password Editor it is quite a good addition and fully compatible with QuickPasswords.
Not to replace the Password Manager, but it uses the Password Manager by removing all the pain from the current process... the objective was to have an easy to use, quick way of retrieving passwords with a minimum of security risks (displaying the passwords on screen is a major issue, especially when you are in a company environment).
The password can now be retrieved via the clipboard or can be inserted into the page directly. QuickPasswords is also able to correct if wrong field names are stored, which can happen if the login form changes.