RelayTV allows viewers to watch TV with friends in a virtual living room. It connects people based on what their friends are watching and allows interaction through comments, voice chat, and social media sharing. The document discusses RelayTV's monetization strategies, including advertising on friends' bars, pay per click when inviting friends to watch sponsored channels, upselling premium content to invited friends, coupons for group purchases, and gamification with sponsorships. It provides examples and contact information for discussing implementation or business models.