Install the module via the Marketplace, enable it under the Info tab, and then allow it for whichever quotas you desire under the Quotas tab.
Profiles on those quotas will now be able to create codeplay items. Those codeplay items can also then be embedded in any text area using the Embed Media tab in the TinyMCE editor.
CodePlays are different from a normal display of code (which you can do in the Jamroom.net forums using [ code ][ /code ] tags) in that they are "live". For example, if you change the css in the css window you will see the results immediately in the results window.
You could use CodePlay to build a site similar to CodePen or JSbin or jsFiddle, where the codeplays are listable and searchable. Or, from a support perspective, you could ask for a codeplay which isolates the code in question. We just needed to provide embeds which demonstrate how html, css and javascript work together to produce the final result, and allow the user to fiddle with them in order to learn and better understand basic web code.