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FL Studio can play any sample file (wav), generator (Fruityloops soft- synth, VSTi & DXi) or midi instrument you feed it. FL Studio is a pattern based sequencer, which means you create your songs in pieces (patterns) using the Step Sequencer and the Piano Roll view and then weld those pieces together using the Playlist window. Then you can add a wide range of effects, then automate them for dynamic sweeps, rolling bass lines and texture changes that really make your music stand out from the crowd. FL Studio is a fun product but still helps you to create great sounding music. Use it on its own or as a fantastic complementary product for Cakewalk's SONAR, SONAR 2, Home Studio, Music Creator, etc, Syntrillium's Cool Edit Pro 2, Steinberg Cubase, Cubasis, etc, ACID etc.
FL Studio Fruityloops Edition & Producer Edition both feature:

- Advanced sequencing methods allowing quick entering of realistic drum loops (step sequencing grid) and composing complex instrumentals (advanced piano roll, arpeggiator, keyboard tracking, real-time gate).

- Ability to function as a VSTi, DXi and a ReWire client.

- Ability to host ReWire clients.

- Open architecture allowing third-party software instruments (enhanced proprietary FL instruments standard, VSTi and DXi2) and effects (enhanced proprietary FL effects standard, VST, VST2 and DirectX).

- Effects: A full set of high-precision mastering and special effects filters: reverb, compressor, procedural equalizer, distortion, phaser, flanger, bass boost, delay line and other.

- Unique note properties morphing ability (pitch, cutoff, resonance, panning).

- Integrated instruments: Sampler, TS404 (the popular bassline engine), 3xOSC (subsynth), Plucked! (plucked strings), MIDI Out, DX10 (FM synth), Scratcher (turntable emulator), WaveTraveller (wave bend synth), and more.

- Advanced playlist

- Realtime linear interpolation & sophisticated interpolation algorithms at rendering time.

- Live recording of control movements & integrated automation events editor.

- Easy MIDI remote controlling of most parameters (VST plugins supported as well).

- Procedural control over parameters by using special controller plugins.