The importance of an organism's SA:V ratio is that it determines how big one value is compared to another. The larger an organism is, the smaller its surface area to volume ratio
They have lots of thin plates called gill filaments which give a big surface area for exchange of gases
They have lots of tiny structures called lamellae which increase the surface area even more
They have lots of blood capillaries in the lamellae to speed up diffusion
They have a thin surface layer of cells to minimise the distance that the gases have to diffuse
They have blood flowing through the lamellae in one direction and water flowing over in the opposite direction to maintain a large concentration gradient