To put it in a nutshell, study, stupid! (8)
I believe the answer is:
condense
'to put it in a nutshell' is the definition.
I can't tell whether this definition defines the answer.
'study stupid' is the wordplay.
'study' becomes 'con' (con can mean to study).
'stupid' becomes 'dense' (similar in meaning).
'con'+'dense'='CONDENSE'
Can you help me to learn more?
(Other definitions for condense that I've seen before include "Reduce volume" , "Abbreviate" , "precis" , "Turn from gas to liquid" , "Make more concise" .)