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It's a cross between a chat room, a message board, a wiki page, and a movie. Aemon Send a noteboard - 01/12/2009 09:18:34 PM
It allows you to share text, pictures, and video in real time, with other people. It allows you to edit and change past messages, again, in real time. You can play back the wave like a movie, so that you can watch how the conversation progressed. The best way to describe it, really, is a collaborative wiki page that allows you to play back the change history.

Does that help?
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Google Wave - 01/12/2009 05:43:05 PM 592 Views
Nope, no idea. - 01/12/2009 05:47:03 PM 457 Views
I am not enthusiastic - 01/12/2009 05:47:08 PM 450 Views
It looks like it would be a very useful thing for businesses... - 01/12/2009 05:54:42 PM 466 Views
Re: Google Wave - 01/12/2009 07:07:27 PM 446 Views
I have no idea (if anyone want an invitation, I have 6 left) - 01/12/2009 07:31:36 PM 478 Views
It'd be easier if I knew other people that had it. *NM* - 01/12/2009 07:42:38 PM 240 Views
I don't really get it yet either - 01/12/2009 07:57:08 PM 428 Views
It's a cross between a chat room, a message board, a wiki page, and a movie. - 01/12/2009 09:18:34 PM 478 Views
Not really. - 01/12/2009 09:38:03 PM 438 Views
It's useful for goal-based discussions, I think. - 01/12/2009 10:11:04 PM 437 Views
I would like to start some sort of writing based wave(s). - 02/12/2009 05:12:19 AM 432 Views
That would be cool. *NM* - 02/12/2009 05:44:29 AM 196 Views
I wrote to them myself and prostituted myself for an invitation. - 03/12/2009 05:11:32 AM 409 Views

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