Academic job interviews often include a teaching demonstration where you pick a topic and teach volunteer students. Hiring committees watch how you engage the class and collect student feedback, which can be the deciding factor in whether you get hired.
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Depending on the school, you may also be asked to do a teaching demonstration. Typically, they're going to say, "We want to bring you into a class on a certain topic, and we want you to talk about one of these 6 topics." You get to choose, and you will be brought into a class, or they will bring a number of volunteers there. They want to see how you engage with students. They want to see how interested you are in the students and how you involve them, as well as how you relay information to them. So don't just blow this off because students students are going to be asked for their feedback as well, and negative student feedback can shoot people down. If you're on the edge, negative student feedback can say, "Well, we don't want this person. Students hate him." The Scholar Career Network exists specifically to support Ph.D.s through moments like this and help them find meaningful careers.