For me, I look at the GW videos as being in 4 practical categories:
1. introductory material for those who have never played or only know a few cowboy chords
2. music theory, notation, and guitar technique lessons to take you past the beginner level
3. applied chord and solo lessons for different genres, blues to funk to jazz and neo-soul
4. chords and solo ideas for specific songs, as sort of a master class lesson for real songs, like standards or Tomo originals.
The way I got to know the site was to start with Q&A/Proficiency videos. I've been playing a while and I wanted to see where I stood. Then I could figure out which of the 4 types of other videos to focus on.
QA/Proficiency videos showed me what I needed to work on. As a long-time player, there are things I thought I "knew" but didn't have immediately under my fingers without thinking way too hard about it. These videos helped identify my weaknesses and helped identify which of the "beginner" and "general music and technique" lessons I should go work on. You just use the search button to find topics, or take them in order.
The videos in the Music Theory, Applied Theory, Foundation and Technique, and Foundation Triads sections help build good habits and plug the gaps in music knowledge. Even the very beginner ones helped me improve my campfire strumming ability! You'll figure out a good set of warmups and a bunch of practical exercises to work on every day until they become second nature. These are your "woodshed" videos. You'll eventually know by sound what is what and, why, for example, something is Dorian instead of natural minor. Hearing and ear-training comes with repetition.
Now, all that foundation and preparation is a lot of work. Sometimes you do not want to feel like you're preparing for a test ALL the time, but stretch out a little, and, say, learn chords and soloing in the context of a song. That's when I move to the applied chord and solo lessons for a particular genre.
I started with the Blues Lessons and the Jazz Blues lessons. I am now starting to dabble in the Funk Jazz lessons. Usually, these show me some areas that need "fixing" with the basics, so I'll make a note to go back and review. But still I feel like I'm learning the song forms and learning how to connect the dots in a practical way, based on what is being demonstrated. And he demonstrates A LOT of stuff. Often there are cool chord changes, or killer phrases, or left and right hand techniques that you'll see Tomo use in passing, which you also want to work out, because you're curious and say "how does he do that?". The slow down button works for that.
Because you mentioned music theory and jazz standards, I would include the sight-reading series of videos to help you navigate the source material found in the Real Book. I'm a weak reader, but I do find a LOT of value in knowing enough of the basics so that I can understand key signatures, rudimentary rhythms and work out written melodies when not working entirely by ear.
That's my long-winded take. I've definitely tried to reduce my "wasteful noodling time" to just breaks during TV shows or whatever. I then try to incorporate what I've learned from my "structured preparation" (video dissection, brainwork, note-taking, warm-ups, muscle repetitions) into my "free playing"... usually after I get up and take a break... have a stretch, grab some water, or whatever... before coming back to sit down and play unstructured.