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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 679 Views
Nope, no idea. - 01/12/2009 05:47:03 PM 507 Views
I am not enthusiastic - 01/12/2009 05:47:08 PM 536 Views
It looks like it would be a very useful thing for businesses... - 01/12/2009 05:54:42 PM 553 Views
Re: Google Wave - 01/12/2009 07:07:27 PM 525 Views
I have no idea (if anyone want an invitation, I have 6 left) - 01/12/2009 07:31:36 PM 566 Views
It'd be easier if I knew other people that had it. *NM* - 01/12/2009 07:42:38 PM 272 Views
I don't really get it yet either - 01/12/2009 07:57:08 PM 519 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 568 Views
Not really. - 01/12/2009 09:38:03 PM 532 Views
It's useful for goal-based discussions, I think. - 01/12/2009 10:11:04 PM 525 Views
I would like to start some sort of writing based wave(s). - 02/12/2009 05:12:19 AM 506 Views
That would be cool. *NM* - 02/12/2009 05:44:29 AM 229 Views
I wrote to them myself and prostituted myself for an invitation. - 03/12/2009 05:11:32 AM 489 Views

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