Implements

The Implements keyword tells VBA that you want to implement an Interface Class.
An interface class defines a set of declarations (properties and methods) which have to be implemented in a class.
The Implements keyword can only be used in a class modules.
Before we can use the Implements keyword we need to create an Interface class.

Fields - They can be read or set directly. Often referred to as variables.
Properties - These are fields but with more control. This is the preferred approach.
Methods - These are actions or tasks you want to perform. They define the behaviour of the object. Also called accessors, operations or functions.

What is an Interface Class?

An interface is like a contract.
When you implement an interface class you agree to include all the interface's public properties and methods in that class module.
Add a class module to your workbook and rename it to "InterfaceClass".
You cannot include an underscore in any of the property or method names.
A property must be implemented in your class even if you declare a field in your interface class.

Public Field1 As Integer 

Public Property Get Property1() As String 
End Property 

Public Property Let Property1(ByVal sValue As String) 
End Property 

Public Sub Method1() 
End Sub 

Public Function Method2() As String 
End Function 

Implements [InterfaceName | ClassName]

This requires the name of an interface or the name of a class in a type library, whose public variables or methods need to be implemented.
Add another class module to your workbook and rename it to "MyInstance".

Every method and property that appears in the Procedure List must be included in your class module before your project will compile.
Your class module must contain two corresponding property declarations.
The name of these property declarations must be prefixed with the name of the interface class.
This prefix is often referred to as implementation interface name prefix.
If the type of your public variable is object (or a named class) then you must include property get and property set declarations.
If the type of your public variable is variant then you must include property get, property let and property set declarations.

Implements InterfaceClass 

Public Property Get InterfaceClass_Field1() As Integer 
   Debug.Print "Returning value of Field1" 
End Property 

Public Property Let InterfaceClass_Field1(ByVal iValue As Integer) 
   Debug.Print "Writing value for Field1" 
End Property 

Public Property Get InterfaceClass_Property1() As String 
   Debug.Print "Returning value of Property1" 
End Property 

Public Property Let InterfaceClass_Property1(ByVal sValue As String) 
   Debug.Print "Writing value for Property1" 
End Property 

Public Sub InterfaceClass_Method1() 
   Debug.Print "Method1 - Executing" 
End Sub 

Public Function InterfaceClass_Method2() As String 
   InterfaceClass_Method2 = "Method2 - Returning" 
End Function 

Example

Add a standard code module to your workbook.

Public Sub Testing() 
Dim myobject As MyInstance 
   Set myobject = New MyInstance 
   myobject.InterfaceClass_Field1 = 20 
   myobject.InterfaceClass_Property1 = "Monday" 

   Call myobject.InterfaceClass_Method1() 
   Debug.Print myobject.InterfaceClass_Method2 
End Sub 

Important

VBA does not implement derived class, it exposes the methods that need to be implemented.
VBA does not implement interfaces, it exposes the methods that need to be implemented.