Often referred to as a sprite sheet in the game industry, texture atlases are a great way to optimize game projects. The general concept is to have one image that itself contains a collection of smaller images. This is often used when there are smaller textures that are used frequently to reduce the overhead of the graphics card being used having to switch between different texture memory.
Note
For more info on texture atlases, check out https://en.wikipedia.org/wiki/Texture_atlas.
To complete this recipe, you will need to have a single texture what contains multiple smaller images inside of it. If you do not have one, you can make use of the flipbook texture from the Engine Content/Functions/Engine_MaterialFunctions02/ExampleContent/Textures
folder.