After installation process new icon in system tray will appear. Right click it and select first menu option "Create previews for directory". New window will appear and you may select folder to scan for SWF files. Note: if you have selected "Create and cache SWF files preview for this computer now" during installation process you may omit this step - SWF file previews were automatically created earlier.
Since SWF Live Preview is a Shell extension handler which allow you to view Macromedia Flash files directly in Windows Explorer as any other image files. Make sure that you have selected correspondent option in Windows Explorer (View -> Thumbnails) or, alternatively, click toolbar button
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SWF Live Preview gives convenient way to check SWF file information by displaying information in hint area (move mouse pointer over any SWF file and leave it there for awhile):

and same information in menu bar:
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Image preview with SWF file information can be seen in Windows Explorer pane. As you may see Macromedia SWF file preview differ from Projector EXE file: small icon is added to preview for EXE files.
Moreover, you may get extended information about particular file by right clicking it and selecting "Properties" option. You may notice that new tab (SWF info) appears. Select it and you may see detailed information such as file size, number of frames, shapes and sounds, frame rate, frame height and width, flash version etc.

Pay attention to last 2 options in "Tools" section: Flash Decompiler and Flash Optimizer. Those are 2 other our products that work with flash files. First one allows decompiling and converting swf files and second allows compressing files without quality loss. If you have mentioned products installed then clicking either option will launch correspondent program to operate on current flash file. In case you haven’t installed those programs then you will be redirected to our web site where you can download them and get more information about our products.