As you may already know, Microsoft is about to retire the classic Skype app in November 2018. One of its most popular features, Split View, is finally coming to the latest Skype Desktop.
Skype Desktop joins the Store app, which has received the same feature in October 2018.
The new Skype Desktop app has a very streamlined user interface. It follows the modern trend of flat minimalist design with glyph icons and no borders anywhere. This design is being used in all other Microsoft products. It is an Electron-based application.
Split View is a special mode of the app that allows having each conversation in a separate window, rather than showing them all in a single window merged with the contact panel.
The Split View feature is available in Skype Desktop starting with Insider Preview version 8.51.76.74. 
As of this writing, this feature is exclusively available to the Skype App Preview program users. To try the feature, you need to click on the menu button with three dots ("…") and then select "Enable Split View mode" from the menu.
After that, the main window will display your contacts only. Double-click on any contact to open a new conversation in a new window.
To restore the default appearance, use the Open recent chats button available in the top left corner of any chat window. Also, the Split View feature can be disabled in the main menu ("...").
This new mode should be welcomed by users of the classic Skype app. Microsoft is actively working to move users from Skype 7 to the modern Skype 8.
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Super, long waited old removed feature, back again. Thanks Sergey!