The determinant of a $3\times 3$ matrix $\begin{vmatrix} 1 & 1 &1 \\ x & y & z \\ x^2 & y^2 &z^2 \\ \end{vmatrix} $ is the volume of a parallelopiped with its three sides as the vectors whose tails rest on origin and heads at the coordinates $(1,x,x^2),(1,y,y^2)$ and $(1,z,z^2)$ $^{[1]} $.
The determinant of this matrix can be simplified to $(x-y)(y-z)(z-x)$.
Proof:
Subtracting column 1 from column 2, and putting that in column 2,
\begin{equation*} \begin{vmatrix} 1 & 1 &1 \\ x & y & z \\ x^2 & y^2 &z^2 \\ \end{vmatrix} = \begin{vmatrix} 1 & 0 &1 \\ x & y-x & z \\ x^2 & y^2-x^2 &z^2 \\ \end{vmatrix} \end{equation*}
$ = z^2(y-x)-z(y^2-x^2)+x(y^2-x^2)-x^2(y-x) $
rearranging the terms,
$ =z^2(y-x)-x^2(y-x)+x(y^2-x^2)-z(y^2-x^2) $
taking out the common terms $(y-x)$ and $(y^2-x^2)$,
$ =(y-x)(z^2-x^2)+(y^2-x^2)(x-z) $
expanding the terms $(z^2-x^2)$ and $(y^2-x^2)$
$ =(y-x)(z-x)(z+x)+(y-x)(y+x)(x-z) $
$ =(y-x)(z-x)(z+x)-(y-x)(z-x)(y+x) $
taking out the common term $(y-x)(z-x)$
$ =(y-x)(z-x) [z+x-y-x] $
$ =(y-x)(z-x)(z-y) $
$ =(x-y)(y-z)(z-x) $
As the $x$ coordinate of the heads of these three vectors is $1$, the head of these vectors lies in a plane perpendicular to the $x$-axis and a distance of $1$ unit away from the origin.
(If we connect these three points, we get a triangle.)
This plane will cut the parallelopiped into two equal triangular pyramids whose base lies in the plane.
The perpendicular distance from the base of the pyramid to the tip is $1$ unit.
The volume of the required parallelogram is the sum of the volume of the two triangular pyramids.
$\text{volume of a pyramid}=\frac{1}{3}bh$.
The height is $1$ units.
The area of a triangle is, by Shoelace formula, $$A = \frac{1}{2} \begin{vmatrix} 1 & 1 &1 \\ x_1 & x_2 & x_3 \\ y_1 & y_2 & y_3 \\ \end{vmatrix} $$ where the vertices of the triangle are $(x_1,y_1),(x_2.y_2),(x_3,y_3)$ $^{[2]}$
The vertices of the required traingle has the coordinates $(x,x^2),(y,y^2)$ and $(z,z^2)$.
So the area of the triangle,
$$A=\frac{1}{2}\begin{vmatrix} 1 & 1 &1 \\ x & y & z \\ x^2 & y^2 &z^2 \\ \end{vmatrix}$$
which, as shown above, can be simplified to $\frac{1}{2} (x-y)(y-z)(z-x)$
So, the volume is $$\frac{1}{3}bh=\frac{1}{3}\times\frac{1}{2}(x-y)(y-z)(z-x)\times 1$$ $$= \frac{1}{6}(x-y)(y-z)(z-x) $$ But, shouldn't the volume be equal to the determinant which is $(x-y)(y-z)(z-x)$ ?
References
[1]Youtube video by 3Blue1brown: https://youtu.be/Ip3X9LOh2dk?t=345
[2]Wikipedia article:https://en.wikipedia.org/wiki/Shoelace_formula