The document discusses the lifecycle of internet memes using the example of "Hipster Ariel". It describes the meme in 6 phases: (1) something must resonate for attention, (2) people participate by adding or sharing content, (3) participation increases entertainment value and keeps the meme alive, (4) memes collaborate to reach new audiences, (5) popular sites help spread memes more widely, (6) memes leave a residual influence on culture even after ending.