A Vrak's Unending Host list is the 40k equivalent of an English degree. It's functionality is entirely derived from the wielder and their capacity for doing things. Some people run them with Chaos Knights, some with artillery spam, others with CSM or Daemons allies. My friend chooses to run his with a Baneblade because he's crazy like a fox.
Their key advantage is being able to return a squad of destroyed mans to the game through outflank on a 2+ roll. IIRC they go into reserves, but they might just walk on. Either way, this is the unending part of the Unending Host, and this means it's usually tactically advantageous to have entire squads killed early in the game. This also makes Tau players cry rivers, and I support anything that makes Tau players cry.
Cover Through the Bodies is an important bonus too. Anything getting a cover save from a unit of Renegades from the formation gets a 3+ instead of a 5+. Artillery no longer need to hide behind a Aegis line and this applies to vehicles as well.
The Baneblade becomes instrumental with these 2 rules in effect because the Renegades variant confers a 12" bubble of Zealot. This allows half the army to become a real threat in close combat and tarpit the hell out of anything they encounter. Also the Baneblade gets a constant 3+ cover save from all those foot soldiers.
The downside of course is a lack of obsec and mobility. Some artillery can lend heavy firepower and Chaos Spawn can provide the mobility, but it's all down to taste. There's a hundred different ways to run the list, and it's by no means a sure fire way to win, but if you're tactical it's a nasty surprise and very counter-meta currently.
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Really terrible videos about tiny plastic space elfs intended to help you get gud scrub:
https://www.youtube.com/channel/UCcZP8WGIhte5TmCWQXsZO4A
Flawless pieces of literary perfection:
https://www.fanfiction.net/u/2805979/