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It's a skill that can be practiced, though. And it might come in handy in general discussions, not just in job interviews.

With some preparation, you can transform the problem from one that may not be part of your job (solving completely new problems in front of an audience) to one that certainly will - explaining your solution clearly to an audience.

If you try hard enough, you can be familiar with likely interview questions and then the problem is how best to present your solution, which is an important skill, and one worth practicing.

Really? You never get together in a room with other devs to talk through & pseudocode a solution to a tough problem?

Yeah, I guess it's different with people I know. And to already be familiar with the problem helps too.

But to solve something say from project Euler on a whiteboard in front of three strangers and talk about my thought process at the same time, that's hard.