Read the bottom first.
Some time ago a programmer figured out that every piece of music that could potentially be written can be broken down into short segments. So he wrote a program that generated every bit of song that could ever be written and saved it, it was a large but manageable amount of data. We're talking just rythyms here. In order to enforce a copyright all you have to do is be able to show you did something first, you don't have to file.
So in essence, by the wording of current copyright law, this programmer owns every beat created after 2008 or so. He never seriously pursued a cent. Why would he go to such lengths? To beat failures out of the system. Without people doing things like this, exposing loopholes or just shortcomings in law, then said loopholes and shortcomings just get to be abused.
The whole damn point is that if some software company can just change the EULA on a whim then you are giving them money for nothing. Like the folks that bought PS3's to run linux on. Sony advocated that, it wasn't an EULA breach. People bought them for budget super-computing. Then one day sony says that's not OK anymore, even though we both agreed on a contract at the outset and you paid us, we're going to unilaterally change it and if you don't like it enjoy your 500 dollar paperweight.
So then why ask for something ridiculous and use an obviously retarded "contract" to do it? It's called reductio ad absurdum. What he's trying to do IS stupid. It's also legal. Thats the point. If you say its legal to change a contract in the way EULAs are changed, this is a logical ramification of that. This is stupid, so maybe by extension the current rules are stupid. The guy got at least 5 pages worth of forum posters to read about his case, unfortunately the entire point seems to have blasted right over almost everyone's head.
By the way:
By reading the above text you agree to cede the ownership of every game account you have ever owned, and the entire contents of your porn stash to MartialArc. Your continued use of this post is your express consent to abide by the terms of the contract. If you do not agree to this EULA, you must terminate the relationship by cutting off your left testicle and shave off your eye brows. Written notice must be provided in blood within 17 nanoseconds to my mailbox in Moldova. Please post evidence of shaved eyebrows to this forum thread.
So now I'm guessing most folks would probably ignore the first line and just read on, so I'm expecting loads of logins and porn in my inbox, or loads of eyebrowless face pics. Herp Derp.