It describes a programming competition/challenge that involves building programs in a self-contained VM that is built on its own programming language and system, meant to have been "discovered" as an ancient computing platform from thousands of years ago :)
The 2007 ICFP-PC was similar (in that you got a big opaque data file and the spec of a VM for it) and also very enjoyable. I was on the team that came second and I think we understand only about half of what was in there during the competition.
An oldie but a goodie. Unbelievably good playground for playing with functional languages. I had so much fun doing a bad job solving the optimization challenges.
Which I found in a simpler tutorial: http://nickdesaulniers.github.io/blog/2013/04/03/basic-jit/
TLDR;
It describes a programming competition/challenge that involves building programs in a self-contained VM that is built on its own programming language and system, meant to have been "discovered" as an ancient computing platform from thousands of years ago :)