The shallow water equations are used to describe the behavior of water waves in various shallow regions such as coastal areas, lakes, rivers, etc. These equations are derived by making simplifying assumptions about the water depth relative to the wavelength of the waves. In this paper, the generalized exponential rational function method (gERFM) is used to construct novel wave solutions of the (3+1)-dimensional shallow water wave ((3+1)-dSWW) dynamical model. These solutions encompass distinct kinds of waves, such as solitary waves, solitons, Kink and anti-kink solitons, lump Kink interactional waves, traveling breathers-type waves and multi-peak solitons. The dynamical behavior of these wave solutions is discussed, examining the influence of free parameters on the resulting wave shapes. Furthermore, to provide a scientific elucidation of the obtained results, the solutions are presented graphically, making it easy to distinguish the dynamical features, which have practical implications in different areas of applied sciences and engineering. The stability of this dynamical model is revealed via modulational instability analysis, signifying that all analytical results are stable. The obtained results show that the given technique is universal and efficient. Through comparing the projected technique with the existing techniques, the obtained results demonstrate that the given technique is universal, pithy and efficient.