Wien's Displacement Law states that the wavelength at which the emission of a blackbody spectrum is maximized is inversely proportional to its absolute temperature. This means that as the temperature of a blackbody increases, the peak wavelength of its emitted radiation shifts to shorter wavelengths, indicating higher energy emission. This relationship provides critical insights into blackbody radiation and is essential for understanding Planck's Law, which describes the spectral distribution of radiation from a blackbody.