Yeah. A simpler way of stating that would be:
"The net work done on an object is always equal to its change in kinetic energy."
From this, one of the first conclusions you can draw is that if no work is done on an object, then it's kinetic energy won't change.
As for daily life examples, I won't give you full answers, but I'll hint at them.
Hint 1: You're pushing an object initially at rest, you know its mass, you know the constant force with which you're pushing it, and you know over what distance your hand remains in contact with it. Can you see that you can use the work-energy theorem to determine the object's final velocity after you've stopped pushing it, *without* resorting to first calculating the acceleration of the object due to that force?
Hint 2: Say you have a system in which all the forces are conservative* (e.g. a ball thrown straight upwards in a gravitational field). Since the force is conservative, all of the ball's kinetic energy will eventually be converted into gravitational potential energy. Based on this knowledge, can you see that the work-energy theorem (applied to the gravitational force) can determine how high the ball will go, based on its initial velocity? *What it means to say that the gravitational force is conservative is that that even though the force opposes the ball's motion and therefore does negative work, reducing the ball's kinetic energy, the kinetic energy the ball loses is not permanently "lost" (as it would be if the force were friction, which would waste the ball's energy of motion by converting it to heat). Instead, the kinetic energy is converted into gravitational potential energy and is recoverable.
