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Step 0 (plan) : We're multiplying 42x37. We need to find some simple (multiple of ten) numbers that are really close to the answer here, and then either subtract or add what's left over from our estimate. The most straight forward way to do this is to turn the problem into 42x40 - 42x3.
Step 1: 42 x 40 = 420 x 4 = 400 x 4 + 20 x 4 = 1600 + 80 = 1680
Step 2: 42 x 3 = 40 x 3 + 2 x 3 = 120 + 6 = 126
Step 3: 1680 - 126 = 1680 - 100 - 20 - 6 = 1580 - 20 - 6 = 1560 - 6 = 1554
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This process generalizes to basically any two numbers. And some otherwise scary sounding numbers make it really easy. For instance what's 87x99? It sounds hard but it's crazy simple because it's just 87x100 - 87 = 8700 - 87 = 8700 - 80 - 7 = 8620 - 7 = 8613, solvable in a second or two with practice. This is a 100% transferrable skill that will easily put you in the 'stupid human tricks' level of mental math - quite a fun 'trick' to have when teaching math!