The document discusses how Twitter and IRC compare and contrasts in their features and capabilities. IRC is described as a real-time chat protocol that is distributed, has an RFC, and introduced fish humor to the internet. Twitter is described as being web 2.0 compatible with round corners, semi-real-time, popular with trendy users, and built using Ruby on Rails. It also notes that Twitter has fish humor. The document suggests that basic Twitter functionality could work within an IRC-based system using Twitterific and running on top of IRC infrastructure.