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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 529 Views
Nope, no idea. - 01/12/2009 05:47:03 PM 396 Views
I am not enthusiastic - 01/12/2009 05:47:08 PM 392 Views
It looks like it would be a very useful thing for businesses... - 01/12/2009 05:54:42 PM 404 Views
Re: Google Wave - 01/12/2009 07:07:27 PM 389 Views
I have no idea (if anyone want an invitation, I have 6 left) - 01/12/2009 07:31:36 PM 414 Views
It'd be easier if I knew other people that had it. *NM* - 01/12/2009 07:42:38 PM 213 Views
I don't really get it yet either - 01/12/2009 07:57:08 PM 365 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 418 Views
Not really. - 01/12/2009 09:38:03 PM 380 Views
It's useful for goal-based discussions, I think. - 01/12/2009 10:11:04 PM 377 Views
I would like to start some sort of writing based wave(s). - 02/12/2009 05:12:19 AM 365 Views
That would be cool. *NM* - 02/12/2009 05:44:29 AM 170 Views
I wrote to them myself and prostituted myself for an invitation. - 03/12/2009 05:11:32 AM 348 Views

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