The concept of "Lightning Network routing" enables efficient payment channels in the Lightning Network by dynamically finding the most optimal route for a payment to be successfully routed between the sender and the receiver. This routing process involves selecting intermediary nodes along the path that have enough liquidity to facilitate the payment, while also considering factors such as fees and network reliability. By intelligently routing payments through multiple channels, the Lightning Network can achieve fast and cost-effective transactions, even for parties that do not have a direct payment channel between them.