Google Wave Explained. Sort of.

Yes, Google (GOOG) is supposedly reinventing online communication with its new Google Wave. And yes, it supposedly integrates every interesting and useful feature thought up by Twitter, Facebook, and every other next-generation communication tool out there. And yes, people around the world are desperately begging to be one of the 100,000 invited to beta-test the new service. But what does it actually do?

The smart folks at Epipheo Studios, a viral video marketing firm, offer this helpful synopsis of one central Wave feature. Enjoy, and hope that it really works as well as they claim it will.